CFA Practice Question

There are 206 practice questions for this study session.

CFA Practice Question

Which of the following statements is not true of futures contracts?
A. All futures contracts are highly standardized and trade on organized exchanges.
B. Futures contracts may be customized to meet the needs of specific parties.
C. The clearinghouse serves to guarantee performance by the parties to a futures contract.
Explanation: Customization is a characteristic of forward contracts, not futures

User Contributed Comments 0

You need to log in first to add your comment.