The Chicago Board of Trade opened active trading in futures contracts in October 1975, but the only type of contracts to be traded at that time were:
A) U.S. Treasury bonds
B) U.S. Treasury notes
C) U.S. Treasury bills
D) GNMA mortgage-backed certificates
E) 90-day commercial paper
F) Bank certificates of deposit

Question

The Chicago Board of Trade opened active trading in futures contracts in October 1975, but the only type of contracts to be traded at that time were:
A) U.S. Treasury bonds
B) U.S. Treasury notes
C) U.S. Treasury bills
D) GNMA mortgage-backed certificates
E) 90-day commercial paper 
F) Bank certificates of deposit

Quizplus · Accepted Answer

GNMA mortgage-backed certificates were the only type of contracts to be traded at that time.

The Chicago Board of Trade Opened Active Trading in Futures