Which of the Following Is Not Correct Concerning the Financial

question 30

Multiple Choice

Which of the following is not correct concerning the financial futures markets?

• A) One of the prominent exchanges for financial futures is the Chicago Board of Trade.
• B) The contracts were first traded in 1972.
• C) A major use is protection from interest rate risk.
• D) Trading in commodity futures significantly exceeds trading in financial futures.

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Definitions:

Corporations

Large companies or groups of companies authorized to act as a single legal entity and recognized as such in law.

Legal Entities

Organizations or groups that have legal rights and obligations, including the ability to enter into contracts and own property.

Contracts

Legally binding agreements between two or more parties that specify the terms and conditions under which certain actions or transactions will be carried out.

Secondary Labor Market

Employment sector characterized by low wages, job insecurity, and poor working conditions, often involving temporary or part-time jobs.