Which of the Following Statements Is Characteristic of Futures Trading

question 74

Multiple Choice

Which of the following statements is characteristic of futures trading on the Australian Futures Exchange (ASX Trade 24) ?

• A) Pricing of bond contracts is on the basis of their yield to maturity.
• B) Transactions in the 'trading pits' are conducted by 'open outcry'.
• C) The ASX Trade 24 clearing house enforces full payment of the initial contract amount.
• D) All of the given answers are correct.

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Definitions:

Personal Exemption

A specific amount that taxpayers could previously subtract from their gross income for themselves and each of their dependents. Note: As of my last update, changes in tax law may have affected this term.

Estate Income Tax

A tax imposed on the income generated by an estate during the period of administration.

Administering Estate

The process of managing and settling the affairs of a deceased person's estate, including distributing assets according to the will or law.