Which of the Following Describes the Way the Futures Price

question 8

Multiple Choice

Which of the following describes the way the futures price of a foreign currency is quoted by the CME group?

• A) The number of U.S. dollars per unit of the foreign currency
• B) The number of the foreign currency per U.S. dollar
• C) Some futures prices are always quoted as the number of U.S. dollars per unit of the foreign currency and some are always quoted the other way round
• D) There are no quotation conventions for futures prices