Asked by Jacob Zowin on Jul 07, 2024
Verified
Foreign currency futures contracts are actively traded on the
A) euro.
B) British pound.
C) drachma.
D) euro and British pound.
E) All of the options are correct.
Foreign Currency Futures
Financial contracts obligating the buyer to purchase, and the seller to sell, a specified amount of foreign currency at a predetermined future date and price.
Euro
The official currency of 19 out of the 27 European Union countries, which is used as a common form of currency in international financial transactions.
British Pound
The official currency of the United Kingdom, also known as GBP (Great British Pound).
- Recognize the range of goods and financial assets that are exchanged through futures agreements.
Verified Answer
Learning Objectives
- Recognize the range of goods and financial assets that are exchanged through futures agreements.
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