QUESTION 3 Which of the following factors are important when selecting a futures contract to trade? a. Volatility. b. Contract size (dollar value of the contract). c. Liquidity. d. All of the above. QUESTION 4 Liquidity can be defined as the ability to transact quickly and efficiently without a substantial impact to the price of the underlying asset. Which of the following transactions is the LEAST liquid? a. Buying or selling an exchange-traded fund (ETF). O b. Buying or selling an E-mini S&P 500 futures contract. O c. Buying or selling a car. d. Buying or selling a house