At the present time:
A) open-outcry trading occurs for commodity futures contracts in Australia.
B) the convention for quoting the prices of futures contracts varies between exchanges around the world.
C) futures trading is permitted only for commodities.
D) futures trading is permitted only for financial instruments.

Question

Quizplus · Accepted Answer

Each exchange around the world has its own convention for quoting the prices of futures contracts. For example, some exchanges quote the price as cents per pound, while others quote it as dollars per metric ton.

At the Present Time