Futures contracts are described as fungible (i.e. each contract is the same as all others).Why is this true?
Posted: Fri Aug 26, 2022 10:01 am
Futures contracts are described as fungible (i.e. each contract is the same as all others).Why is this true?
A. Because the contract terms are negotiable
B. Because the contract periods run consecutively
C. Because the clearing house acts as a counterparty to all trades
D. Because the clearing house is allowed to run long and short positions
A. Because the contract terms are negotiable
B. Because the contract periods run consecutively
C. Because the clearing house acts as a counterparty to all trades
D. Because the clearing house is allowed to run long and short positions