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Answer: 5,000 troy ounces of gold
The incorrect statement is **D**. - U.S. Treasury bond futures are based on a face value of $100,000, so **A** is correct. - The standard S&P 500 futures contract multiplier is **$250 times the index level**, so **B** is correct. - The E-mini NASDAQ-100 futures contract multiplier is **$20 times the index level**, so **C** is correct. - Gold futures are typically **100 troy ounces**, not 5,000 troy ounces. The **5,000 troy ounce** contract size is associated with silver, not gold. **Correct answer: D**
Author: Manit Arora
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Question 142.2: Which of the following is incorrect with respect to the futures contract size?
A
One U.S. Treasury bond having a face value at maturity of $100,000
B
$250 x S&P 500 futures price
C
$20 x E-mini NASDAQ-100 futures price
D
5,000 troy ounces of gold
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