Asked by Jacob Zowin on Jul 07, 2024

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Foreign currency futures contracts are actively traded on the

A) euro.
B) British pound.
C) drachma.
D) euro and British pound.
E) All of the options are correct.

Foreign Currency Futures

Financial contracts obligating the buyer to purchase, and the seller to sell, a specified amount of foreign currency at a predetermined future date and price.

Euro

The official currency of 19 out of the 27 European Union countries, which is used as a common form of currency in international financial transactions.

British Pound

The official currency of the United Kingdom, also known as GBP (Great British Pound).

  • Recognize the range of goods and financial assets that are exchanged through futures agreements.
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DN
David NathanaelJul 11, 2024
Final Answer :
D
Explanation :
Foreign currency futures contracts are actively traded on major currencies like the euro and British pound, but not on currencies like the drachma, which is no longer in active use as Greece has adopted the euro.