Which of the Following Statements Is True

question 63

Multiple Choice

Which of the following statements is true?

• A)In Australian interest rate futures there is no physical settlement of either 10-year or three-year bond futures.
• B)In Australian interest rate futures there is no physical settlement of either 10-year or five-year bond futures.
• C)In Australian interest rate futures there is no physical settlement of either five-year or three-year bond futures.
• D)In Australian interest rate futures there is always physical settlement.

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Definitions:

Designated Personnel

Individuals who are specifically chosen or assigned to carry out particular tasks or responsibilities.

Cash Receipts

The actual money received during a given period, including all forms of payment such as cash, checks, and credit card payments.

Establishment Of Responsibility

An accounting principle that ensures specific duties are assigned to individuals to increase accountability and prevent errors and fraud.

Treasurer

A treasurer is an officer of a company or organization responsible for managing financial operations, including investment, risk management, and corporate finance.