Asked by Joshua Waterman on Jul 12, 2024
Verified
In which currency does the FTSE 100 futures trade?
A) US dollar
B) Euro
C) British pound
D) Hong Kong dollar
FTSE 100 Futures
Financial contracts to buy or sell the FTSE 100 stock index at a predetermined future date and price, used for hedging or speculation on the direction of the UK stock market.
British Pound
The currency of the United Kingdom, commonly used within its borders and globally in financial transactions.
Currency
A system of money in general use in a particular country or region.
- Investigate the calculation and utilization of dollar values within futures contracts.
Verified Answer
JB
Jessica BroyhillJul 14, 2024
Final Answer :
C
Explanation :
FTSE 100 futures trade in British pounds, as the FTSE 100 index itself represents the 100 most highly capitalized companies listed on the London Stock Exchange.
Learning Objectives
- Investigate the calculation and utilization of dollar values within futures contracts.