Which one of the following futures contracts is written on a nondeliverable asset?
A) U.S. Treasury bills
B) Wheat
C) Standard and Poor's index
D)British pounds

Question

Quizplus · Accepted Answer

Futures contracts on the Standard and Poor's index are written on a nondeliverable asset because the index itself cannot be physically delivered. Instead, these contracts are settled in cash based on the index's value.

Which One of the Following Futures Contracts Is Written on a Nondeliverable