Scan QR code or get instant email to install app
Question:
Open interest in a futures market is most accurately described as the total number of:
A
contracts outstanding.
explanation
Open interest is the total number of contracts (long/short position pairs) outstanding. The number of contracts that change hands in a given period is volume, not open interest.
Take more free practice tests for other PASSEMALL topics with our cfa level 1 exam now!
Related Information
Comments