Method of auction of futures contract in which traders sell their futures contracts at a specified price by crying out in louder voices is classified as

A traders gathered auction
B close outcry auction
C specified auction
D open outcry auction

Correct Answer: open outcry auction

Method of auction of futures contract in which traders sell their futures contracts at a specified price by crying out in louder voices is classified as open outcry auction. Open outcry is a method of verbal and hand signal communication used by traders at stock and futures exchanges. Signals and shouts convey trading information, intentions, and acceptance in the trading pits.
Bissoy MCQ
#Management #International Finance And Treasury

Related Questions

Type of traders who take position in market of futures which is based on expectations of prices of underlying assets are classified as
A professional traders
B non-investment traders
C position traders
D future market traders
A type of contract in which contract holder has right to sell an asset at specific period for predetermining price is classified as
A option
B written contract
C determined contract
D featured contract
Rational traders immediately sell stock when price is
A conditional
B inefficient portfolio
C too low
D too high
Margin which must be maintained as soon as futures contract takes place is classified as
A spot margin
B maintenance margin
C futures margin
D forwards margin
During a sale, a salesperson was putting a new price tag on each item. On one shirt, he accidentally raised the price by 15% instead of lowering the price by 15%. As a result the price on the tag was Tk. 60 higher than the price that would have been the discounted price. What was the original price of the shirt?
A Tk. 220
B Tk. 250
C Tk. 150
D Tk. 200
Type of contract which involves future exchange of assets at a specified price is classified as
A future contracts
B present contract
C spot contract
D forward contract
A regulatory body which licenses brokers and oversees traders is classified as
A international firm of auction system
B international association of network dealers
C national firm of equity dealers
D national association of securities dealers
Trading place where traders meet one another to communicate is classified as
A outcry auction system
B outcry system
C face to face communication
D money communication
Fill in the gap : You will have to speak louder Robin; he is as deaf as a --------.
A brick
B post
C mummy
D dog
Actions speak louder than words.
A People with similar interests and tastes tend to group
B It is what we do that matters and not just what we say
C People can arrive at the same conclusion by different means
D A satisfactory conclusion makes up for earlier disappointments

Next steps