Which One of the Following Statements Concerning Financial Futures Is

question 38

Multiple Choice

Which one of the following statements concerning financial futures is correct?

• A) Except for short-term securities, interest rate futures are quoted based on a percentage of the par value of the underlying debt security.
• B) Stock-index futures are priced at an amount equal to the value of the index.
• C) Foreign currency futures are based on 100,000 units of the foreign currency.
• D) An investor who is long on a financial future losses money when the value of the future rises.