Which of the Following Items Is Not Specified in a Futures

question 30

Multiple Choice

Which of the following items is not specified in a futures contract?
I.the contract size
II.the maximum acceptable price range during the life of the contract
III.the acceptable grade of the commodity on which the contract is held
IV.the market price at expiration
V.the settlement price

• A)II and IV
• B)I, III, and V
• C)I and V
• D)I, IV, and V
• E)I,II,III,IV,and V

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Definitions:

FAB Closing

A sales technique that emphasizes the Features, Advantages, and Benefits of a product or service during the closing phase of a sales pitch.

Extra-Large

A size category indicating items significantly larger than the standard or medium size.

Classifies Accounts

The process of organizing customer accounts into categories for targeted marketing strategies, sales efforts, or customer service improvement.

Geographic Location

A specific physical place or position on Earth's surface, identified by coordinates of longitude and latitude or a relative description.