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Question 1 Eurocurrency futures are: a. derivatives based on foreign currency exchange rates b. short-term interest rate derivatives based on LIBOR or other similar rates.

Question 1

Eurocurrency futures are:

a. derivatives based on foreign currency exchange rates

b. short-term interest rate derivatives based on LIBOR or other similar rates.

c. agreements to purchase specific foreign currencies at specific rates at specific dates in the future.

d. derivatives based on the law of one price.

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