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:

Annually

Annually means occurring once every year or pertaining to a period of one year.

Compounded

The process of earning interest on previously earned interest, leading to an increase in the total amount over time.

Monthly

Occurring or produced once a month.

Growth Rate

The rate at which a company's or country's economy grows or the rate at which a given variable, such as population or an investment, increases over a specified period.