A futures contract is an example of:
A. a contract that is traded but is not a financial instrument.
B. an instrument used solely by financial institutions.
C. a derivative instrument.
D. a high-risk security that will only have value if certain events occur.
Answer: C
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Which of the following is TRUE?
A) India is the world's largest democracy. B) India began reforming and opening its economy prior to China. C) At the end of the twenty-first century, China will have a larger population than India. D) India has a larger population than China currently. E) India has a larger manufacturing sector than China.
The "stagflation" of the 1970s ________ Keynesian macroeconomics until the Keynesians started to build the consequences of changing inflationary expectations and ________ shocks into their models
A) reinforced the dominance, supply B) reinforced the dominance, demand C) deepened the eclipse, supply D) deepened the eclipse, demand
If a budget deficit as a percent of GDP is greater than the growth of real output, the national debt will
a. decrease relative to the size of the economy. b. decrease in nominal terms. c. increase in nominal terms but decrease relative to the size of the economy. d. increase relative to the size of the economy.
What role does population growth play in economic development?
What will be an ideal response?