The terms of futures contracts traded in the U.S.are set by the exchange on which they propose to be traded,but are subject to approval by the
A)Federal Reserve.
B)Commodity Futures Trading Commission.
C)CME Group (formerly Chicago Mercantile Exchange).
D)Chicago Board of Trade.

Question

Quizplus · Accepted Answer

Futures contracts traded in the U.S. are subject to approval by the Commodity Futures Trading Commission (CFTC), not the Federal Reserve, CME Group, or the Chicago Board of Trade. The CFTC is a government agency responsible for regulating futures and options markets to protect investors and prevent fraudulent practices.

The Terms of Futures Contracts Traded in the U