Tag: general knowledge

bids and offers.

officers and directors of the exchange.

written and sealed bids.

the Board of Trade Clearing Corporation.

both (2) and (3).

prevent speculation in futures contracts.

ensure the integrity of the contracts traded.

clear every trade made at the CBOT.

supervise trading on the exchange floor.

both (2) and (3).

by signing promissory notes

each day after the close of trading.

within five business days.

directly between the buyer and seller

none of the above.

increase the number of potential buyers and sellers in the market.

add to market liquidity.

aid in the process of price discovery

facilitate hedging.

all of the above.

taking a futures position opposite to one's cash market position.

taking a futures position identical to one's cash market position.

holding only a futures market position.

holding only a cash market position.

none of the above.

serve the same purpose as margins for common stock.

limit the use of credit in buying commodities

serve as a down payment.

serve as a performance bond.

are required only for long positions.

you have a long (buy) futures position and prices increase.

you have a long (buy) futures position and prices decrease.

you have a short (sell) futures position and prices increase.

you have a short (sell) futures position and prices decrease.

both (1) and (4).

both (2) and (3).

the Federal Reserve Board.

the Commodity Futures Trading Commission.

the brokerage firms, subject to exchange minimums.

the Clearing Corporation.

private agreement between buyer and seller.

as soon as the funds are credited.

only after the futures position is liquidated.

only after the account is closed.

at the end of the month.

at the end of the year.

LLB

masters graduate degree in Political Science

Commerce Graduate

Masters graduate degree in Social Science.