The Terms of Futures Contracts Traded in the U

question 128

Multiple Choice

The terms of futures contracts traded in the U.S.are set by the exchange on which they propose to be traded,but are subject to approval by the

• A)Federal Reserve.
• B)Commodity Futures Trading Commission.
• C)CME Group (formerly Chicago Mercantile Exchange).
• D)Chicago Board of Trade.

---

Definitions:

Euro

The Euro is the official currency of the Eurozone, used by 19 of the 27 European Union countries.

Real Exchange Rate

The rate at which two currencies can be exchanged after adjusting for their differing levels of inflation.

Foreign Goods

Products or services that are produced in other countries and then imported into one's own country for consumption or use.

Central Bank

An institution that manages a state's currency, money supply, and interest rates, overseeing the commercial banking system of its country.