Which of the Following Relating to Commonwealth Treasury Bond Futures

question 26

Multiple Choice

Which of the following relating to Commonwealth Treasury bond futures is incorrect?

• A) The three-year and 10-year Treasury bonds must be settled in cash
• B) They are quoted on the basis of their clean price
• C) A 10-year Treasury bond futures contract's yield is quoted to three decimal places
• D) Currently the three- and 10-year bond futures are traded on the SFE

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Definitions:

Echinoderms

Invertebrates with a water–vascular system, and hardened plates and spines in the skin or body.

Annelids

A phylum of invertebrate worms characterized by segmented bodies and often found in moist environments; includes earthworms, leeches, and polychaetes.

Arthropods

represent the largest phylum of animals, including insects, arachnids, and crustaceans, characterized by exoskeletons and segmented bodies.

Oligochaete

A subclass of annelid worms, characterized by having few chaetae (bristles) per segment, such as earthworms.