The Settle Price Shown in a Stock Index Futures Table

question 18

Multiple Choice

The settle price shown in a stock index futures table is the:

• A)highest price the contract hit during the day.
• B)closing price for the contract at the end of the day.
• C)price for the contract only for the last day of the contract.
• D)None of the above are true

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Definitions:

3-Way Match

A process in accounting used to compare the purchase order, the receiving report, and the supplier's invoice before making a payment.

Internal Control

Measures and protocols established within an organization to safeguard its assets, enhance the reliability of its accounting records, and increase efficiency in operations.

Bundle

A group of products or services sold together, often at a reduced price compared to purchasing each item individually.

QBO

Stands for QuickBooks Online, a cloud-based accounting software designed for small and medium-sized businesses.