1. Why were futures originally created?

   	a.	for market speculators to gain more leverage
   	b.	as part of a fortune-telling cult
   	c.	ro hedge against uncertainty
   	d.	as a counterpart for options contracts with expiration dates in the future

0.2 points

QUESTION 2

1. What is the contract size?

   	a.	the total amount represented by one contract
   	b.	the length of the technical specifications sheet each party signs
   	c.	how far in the future the contract matures
   	d.	how many of the contract is issued on a date and strike price

0.2 points

QUESTION 3

1. What makes futures different from any other security type you can trade on the Stock Trak simulator?

   	a.	No cash is spent when you buy the contract.
   	b.	No other securities have contract sizes.
   	c.	Futures are the only way to buy oil and gold.
   	d.	You can't limit orders on futures.

0.2 points

QUESTION 4

1. If you use futures on the Stock Trak platform, you must remember:

   	a.	you will get margin calls if you drop below maintenance margin
   	b.	you will get initial margin calls if you drop below initial margin
   	c.	you will get both initial and maintenance margin calls
   	d.	you will not get any margin calls and call have catastrophic losses

0.2 points

QUESTION 5

1. Considering trading hours on future contracts:

   	a.	different contracts have different trading hours
   	b.	all futures contracts trade on standardized times from 0930 to 1400 EST.
   	c.	all contrats trade on standardized times from 0815 to 1615 EST
   	d.	all contracts trade 24 hours