The BAB Futures Contract Is for a Standard Parcel of 90-Day

question 14

True/False

The BAB futures contract is for a standard parcel of 90-day bills with a face value of $1 million.

---

Definitions:

Unemployment Compensation

Unemployment compensation is financial support provided by the government to unemployed workers who meet certain eligibility criteria.

Social Security Tax

A payroll tax that funds the Social Security program, which provides benefits for retirees, the disabled, and children of deceased workers.

Medicare Tax Rate

The percentage of an individual's or employee's earnings that is collected by the government to fund Medicare, a federal health insurance program.

State Unemployment Tax

A tax imposed on employers by the state government to fund unemployment benefits for workers who have lost their jobs.