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

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

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Futures contracts on indices like the Standard and Poor's index are nondeliverable because they are settled in cash rather than through the physical delivery of the underlying asset.

Which of the Following Futures Contract Is Written on a Nondeliverable