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16) A futures contractis an agreement to buy or sell a a) specified amount of an asset at an undetermined price on the expiration date

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16) A futures contractis an agreement to buy or sell a a) specified amount of an asset at an undetermined price on the expiration date of the contract b) unspecified amount of an asset at a predetermined price on the expiration date of the contract c) specified amount of an asset at a predetermined price on the expiration date of the contract d) unspecified amount of an asset at a undetermined price on the expiration date of the contract 17) Type of interest rate swap for a speculator who feels interest rates soon will fll wants to pay the rate and receive the a) fixed, floating b) floating, floating rate. floating fixed fixed,fived an investor would want to Treasury-bond futures to exploit an expected fallin iterest ra a) buy, sell 18) An investor would want to interest rate futures to hedge a long position in Treasury bonds and d) sell, buy c) sell, sell b) buy, buy

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