What Is the Normal Means of Delivery on a Treasury

question 43

Multiple Choice

What is the normal means of delivery on a Treasury note futures contract?

• A)delivery in cash
• B)change in registered ownership
• C)direct deposit of cash into the seller's bank account
• D)wire transfer of funds from the buyer's bank to the seller's bank
• E)payment by certified check on the maturity date

---

Definitions:

AVC

Average Variable Cost, the total variable cost divided by the quantity of output produced.

AFC

Average fixed cost, or the total fixed costs divided by the quantity of output produced, indicating how fixed costs per unit change with production levels.

MC

The additional cost incurred for producing one more unit of a good or service; it's synonymous with marginal cost.

Marginal Cost

is defined as the increase in total production cost that arises from producing an additional unit of a good or service.