A Price of a Futures Contract for U

question 114

Multiple Choice

A price of a futures contract for U.S.Treasury bonds listed as "111-15" is measured in:

• A)32nds.
• B)12ths.
• C)4ths.
• D)Dollars; it stands for $111.15 but a dash is used instead of a period.

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Definitions:

Unlimited Liability

A legal structure in business where the owner's personal assets can be used to satisfy the business's debts and liabilities.

State Statute

Legislation enacted by a state legislature or established by a state court.

Earnings Claims

Statements made by a company or franchise about the potential or actual financial performance of a business opportunity.

Reasonable Basis

A standard of evidence that suggests a belief or action is supported by a fair amount of facts or logical assumptions, often used in legal and regulatory contexts.