ACI
3I0-013 · Question #245
What is a "tick" in the futures markets?
The correct answer is A. The maximum daily price change permissible on the futures exchange. See the full explanation below for the reasoning.
Question
What is a "tick" in the futures markets?
Options
- AThe maximum daily price change permissible on the futures exchange
- BA temporary suspension of trading at a futures exchange
- CThe initial margin requirements at a futures exchange
- DThe minimum fluctuation in price allowed for a futures contract as specified by the contract
How the community answered
(16 responses)- A75% (12)
- B13% (2)
- C6% (1)
- D6% (1)
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