Which of the following statements regarding delivery is false?I) Most futures contracts result in actual delivery.II) Only 1% to 3% of futures contracts result in actual delivery.III) Only 15% of futures contracts result in actual delivery.
A) I only
B) II only
C) III only
D) I and II
E) I and III

Question

Quizplus · Accepted Answer

Most futures contracts do not result in actual delivery; typically, only 1% to 3% do. Therefore, statement I is false, and statement II is true. Statement III is also false because it overestimates the percentage of contracts resulting in delivery.

Which of the Following Statements Regarding Delivery Is False?I) Most