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. A(n) ____ is a standardized agreement to deliver or receive a specified amount of a specified financial instrument at a specified price and date. a. option contract b. brokerage contract c. fin anci... al futures contract d. margin call ANS: C PTS: 1 2. Interest rate futures are not available on a. Treasury bonds. b. Treasury notes. c. Eurodollar CDs. d. the S&P 500 index. ANS: D PTS: 1 3. ____ take positions in futures to reduce their exposure to future movements in interest rates or stock prices. a. Hedgers b. Day traders c. Position traders d. None of the above ANS: A PTS: 1 4. ____ trade futures contracts for their own account. a. Commission brokers b. Floor brokers c. Commission traders d. Floor traders ANS: D PTS: 1 5. The initial margin of a futures contract is typically between ____ percent of a futures contract's [Show More]

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