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What is your maximum loss on a long futures position?

An over-the-counter market is a market in which…

Which of the following terms refers to the risk that the other party to a futures or forward contract will fail to carry out his or her end of the deal? This question may have more than one correct answer. You must select all that are correct in order to earn full credit.

In the United States, trading in futures began in…

How does a local differ from a futures commission merchant (FCM) at a futures exchange?

How does a market maker system improve trading at a futures exchange? More than one answer may be correct. For full credit, you must correctly identify all of the correct answers.

Which of the following is an element of technology that now is an integral part of open outcry trading at U.S. futures exchanges (for contracts for which open outcry still is used)? More than one answer may be correct. For full credit, you must correctly identify all of the correct answers.

Selina takes a short position in 20 CBOT July corn futures contracts at a futures price of 375¢/bu. What has she agreed to do under the terms of this contract (assuming that she holds her position open through July)? The underlying asset for this contract is 5,000 bu.

A trader who takes a long position in a futures or forward contract has agreed in principle to…

Typically, arbitrage opportunities in the U.S. futures markets last how long?