Question
Which of the following is NOT a correct statement about the history of the Chicago Board of Trade (CBOT)? A. The first futures-type contract traded
Which of the following is NOT a correct statement about the history of the Chicago Board of Trade (CBOT)?
A. The first futures-type contract traded at CBOT was known as a to-arrive contract.
B. Initially, when CBOT was created in 1848, its main task was to standardize the quantities and qualities of grains that were traded.
C. The CBOT eventually developed futures contracts on corn, oats, soybeans, soybean oil, wheat, Treasury bonds, and Treasury notes.
D. When it was first established, the CBOT provided a market for butter, eggs, poultry, and other perishable agricultural products.
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