A Price of a Futures Contract for U

question 27

Multiple Choice

A price of a futures contract for U.S.Treasury bonds listed as "111-15" is measured in:

• A)32^nds.
• B)12^ths.
• C)4^ths.
• D)dollars; it stands for $111.15 but a dash is used instead of a period.

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Definitions:

Thomas Dorsey

Often regarded as the "Father of Gospel Music," he was an American musician who combined Christian praise with the rhythms and styles of blues and jazz.

Precious Lord

A famous gospel hymn written by Thomas A. Dorsey, often associated with African American religious and cultural expressions.

Black Leftist

An individual or group part of the political left advocating for social justice, particularly concerning racial equality and rights for black communities.

Cyril Briggs

An African-Caribbean American writer and a leader in the New Negro Movement and the African Blood Brotherhood.