Which of the Following Statements Is INCORRECT About the National

question 2

Multiple Choice

Which of the following statements is INCORRECT about the National Futures Association (NFA) ?

• A) The NFA is a self-regulating organization composed of futures commission merchants,commodity pool operators,commodity trading advisers,introducing brokers,leverage transaction merchants,commodity exchanges,commercial firms,and others who work in the futures industry.
• B) The NFA must approve new contracts and changes to existing contracts.
• C) The NFA screens and tests registration applicants and determines their qualifications and proficiency.
• D) The NFA requires futures commission merchants and introducing brokers to keep sufficient capital and maintain good trading records.
• E) The NFA audits,examines,and conducts financial surveillance to enforce compliance by members.

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Definitions:

Forms of Heating

Various methods used to increase the temperature of objects, substances, or spaces, including conduction, convection, and radiation.

Population Variances

A measure of the dispersion of all the data points in a population.

Level of Significance

The threshold below which a p-value must fall for an effect to be considered statistically significant, often set at 0.05 or 5%.

Populations

The entire group of individuals or items that is the subject of a statistical analysis.