The futures exchange defines the specification for each commodity traded. True False QUESTION 19 What is another name for a daily price limit? A. Circuit breaker B. Tick C. Spec D. Outright QUESTION 20 The futures pricing theory that suggests that speculators should be rewarded for taking on the risk that hedgers do not wish to bear, is called what? A. The Expectations hypothesis B. The Normal Backwardation hypothesis C. The Full Carrying Cost hypothesis D. None of the above