The First Futures Contract in Australia Was On

question 53

Multiple Choice

The first futures contract in Australia was on:

• A)cotton.
• B)wheat.
• C)wool.
• D)greasy wool.

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Definitions:

Short-Term

A period of time that is relatively brief, usually focusing on immediate or near-future events or goals, often contrasted with long-term perspectives.

Student Loans

Borrowed money that is used to pay for educational expenses and is expected to be paid back with interest.

Discount Rate

The rate of interest applied to loans provided to commercial banks and other financial institutions by the Federal Reserve through its discount window.

Present Value

The contemporary valuation of a sum of money to be received in the future, or of ongoing cash flows, based on an agreed upon return rate.