Futures Agreements Are Standardized with Regards to All of the Following

question 43

Multiple Choice

Futures agreements are standardized with regards to all of the following except the

• A)price of the contract.
• B)quantity.
• C)delivery dates.
• D)underlying financial instrument of the contract.

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Definitions:

Federal Government

The national government of a federated state, which holds the authority to govern at a national level as distinct from regional or local levels.

Average Tax Rate

The fraction of total income that is paid as taxes, calculated by dividing the total amount of taxes paid by the taxpayer's total income.

Marginal Tax Rate

The rate at which the last dollar of a person's income is taxed, indicating how much tax will be paid on an additional dollar of income.

Income Before Taxes

The gross income a person or corporation earns before taxes are deducted.