​Futures Contracts Are Typically ____; Forward Contracts Are Typically ____

question 9

Multiple Choice

​Futures contracts are typically ____; forward contracts are typically ____.

• A) ​sold on an exchange; sold on an exchange
• B) ​sold in an over-the-counter market; sold on an exchange
• C) ​sold on an exchange; sold in an over-the-counter market
• D) ​offered by commercial banks; offered by commercial banks

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Definitions:

75th Percentile

The value below which 75% of the data points in a dataset lie.

Q3

The third quartile in a data set, representing the value below which 75% of the data falls.

Q1

Stands for the first quartile in a data set, which is the median of the lower half of the data set.

Q2

Often refers to the median in the context of quartiles in descriptive statistics, which divides a data set into two equal parts.