The Underlying Asset Type That Futures Contracts Were First Traded

question 27

Multiple Choice

The underlying asset type that futures contracts were first traded on were:

• A) stock indexes.
• B) foreign currencies.
• C) commodities.
• D) government bonds.

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Definitions:

Supply Of Labor

The total number of workforce hours available for work in an economy at a given wage rate.

Perfectly Elastic

A situation where the quantity demanded or supplied changes infinitely in response to any change in price.

Marginal Expenditure Curve

A graphical representation that shows the change in total expenditure incurred by purchasing one additional unit of a good or service.

Economic Rent

Amount that firms are willing to pay for an input less the minimum amount necessary to obtain it.