The Most Widely Traded Futures Are of the Following Type

question 20

Multiple Choice

The most widely traded futures are of the following type:

• A)Equity.
• B)Interest rate.
• C)Agricultural.
• D)Commodity.

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Definitions:

Actual Fraud

Deliberate deception by one party to secure unfair or unlawful gain, or to deprive another party of a legal right.

Ultramares Rule

A legal principle that limits the liability of accountants for negligence to parties with whom they are in direct contractual relationship unless fraud is involved.

Duty of Care

A legal obligation requiring individuals and entities to exercise a reasonable standard of care to avoid causing harm to others.

Positive Net Worth

The financial status where total assets exceed total liabilities.