The S&P 500 Index Futures Contract Is an Example of A(n)

question 73

Multiple Choice

The S&P 500 Index futures contract is an example of a(n) ________ delivery contract. The pork bellies contract is an example of a(n) ________ delivery contract.

• A) cash; cash
• B) cash; actual
• C) actual; cash
• D) actual; actual

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Definitions:

Mixed Numbers

A number consisting of an integer and a fraction part, such as 3 1/2.

Improper Fractions

Fractions where the numerator (top number) is larger than or equal to the denominator (bottom number), meaning the fraction is equal to or greater than 1.

Lowest Terms

An expression of a fraction after reducing it to its simplest form by ensuring the numerator and denominator have no common factors other than 1.

Square Yards

A unit of area measurement equal to a square measuring one yard on each side.