The First Financial Futures Contract Traded on the SFE Was

question 2

Multiple Choice

The first financial futures contract traded on the SFE was the:

• A) 90-day bank-accepted bill
• B) three-year Commonwealth bond
• C) 10-year Commonwealth bond
• D) Share Price Index

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Definitions:

Mineral Deposit

A natural accumulation of minerals that can be economically extracted for use.

Trade-In Allowance

The amount credited to the buyer by a seller when the buyer returns a product, usually a vehicle, as part of the payment for a new item.

Commercial Substance

A concept in accounting that indicates a transaction significantly changes the economic circumstances of the involved parties, beyond the mere transfer of assets or obligations.

Unpacking Damage Repair Cost

Expenses associated with fixing damages identified when unpacking goods or merchandise.