Which of the Following Statements Is True

question 14

Multiple Choice

Which of the following statements is true?

• A)Basis equals futures price minus spot price.
• B)Futures contracts are usually closed out at maturity although they are settled daily through marking to market,because the futures price is based on final delivery.
• C)While the bank bill contract is used for operations involving short-term interest rates,the 10-year Treasury bond contract can be used for both short-term and long-term interest rates.
• D)None of the given options.

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Definitions:

Sigmoid Colon

Part of the colon between the descending colon and the rectum.

Descending Colon

Part of the colon extending from the left colonic flexure to the sigmoid colon.

Ascending Colon

The first main part of the large intestine, which absorbs water and salts as it carries waste upward from the cecum toward the transverse colon.

Gallbladder

A tiny organ situated beneath the liver, responsible for storing and concentrating bile, which is a digestive liquid created by the liver.