Asked by pizza and spagghetti on Jul 07, 2024
Verified
Which one of the following stock index futures has a multiplier of 25 euros times the index?
A) FTSE 100
B) Hang Seng
C) Nikkei
D) DAX-30
E) FTSE 100 and Hang Seng
Stock Index Futures
Futures contracts that obligate the buyer to purchase or the seller to sell a specific stock index at a predetermined future date and price.
Multiplier
A factor that quantifies the impact of a change in one economic variable (like investment or government spending) on the overall economy, especially on national income.
Euros
The official currency of the Eurozone, which is used by 19 of the 27 European Union countries.
- Describe the characteristics and contract specifications of various stock index futures.
Verified Answer
AH
Akeil HindsJul 09, 2024
Final Answer :
D
Explanation :
The DAX-30 stock index futures have a multiplier of 25 euros times the index. This means that the value of one futures contract is 25 times the value of the DAX-30 index.
Learning Objectives
- Describe the characteristics and contract specifications of various stock index futures.