5/5/26, 12:54 AM Quiz 4 (covering Fixed Income II): Spring 2026-IE 420-Financial Engineering-Sections GO, UO
Quiz 4 (covering Fixed Income II)
Due Apr 28 at 11:59pm
Points 10
Questions 46
Time Limit None
Instructions
45 questions to test key terms and concepts from the Fixed Income part II lecture.
Attempt History
Attempt Time Score
LATEST Attempt 1 12 minutes 10 out of 10
Score for this quiz: 10 out of 10
Submitted Apr 28 at 11:07pm
This attempt took 12 minutes.
Correct answer
Question 1
pts
In the lecture, “outright futures” are described as:
Simple futures contracts that serve as building blocks for more advanced contracts
Contracts traded only outside exchanges
Contracts that always involve three or more legs
Futures that can only be cash-settled
Wrong answer
Question 2
pts
The lecture’s chemistry analogy compares outright futures to:
Molecules
Atoms
Catalysts
Chemical reactions
Wrong answer
https://canvas.illinois.edu/courses/65661/quizzes/414615 1/13
, 5/5/26, 12:54 AM Quiz 4 (covering Fixed Income II): Spring 2026-IE 420-Financial Engineering-Sections GO, UO
Question 3
pts
When an outright futures contract is used as part of a combo contract, each outright is called a:
leg
bucket
branch
node
Correct answer
Question 4
pts
A spread futures contract typically represents:
The settlement price of a single contract
The total volume traded in one futures contract
The average price of two unrelated stocks
The difference in price between two or more contracts
Wrong answer
Question 5
pts
An intra-market spread involves:
Buying and selling the same underlying contract but for different times
Buying and selling two different commodities on different exchanges
Trading only one contract month
Buying spot and selling futures
Correct answer
Question 6
pts
An inter-market spread involves:
Buying and selling simultaneously on two or more different underlying contracts
The same underlying contract in two different months
Only contracts on the same exchange
https://canvas.illinois.edu/courses/65661/quizzes/414615 2/13
Quiz 4 (covering Fixed Income II)
Due Apr 28 at 11:59pm
Points 10
Questions 46
Time Limit None
Instructions
45 questions to test key terms and concepts from the Fixed Income part II lecture.
Attempt History
Attempt Time Score
LATEST Attempt 1 12 minutes 10 out of 10
Score for this quiz: 10 out of 10
Submitted Apr 28 at 11:07pm
This attempt took 12 minutes.
Correct answer
Question 1
pts
In the lecture, “outright futures” are described as:
Simple futures contracts that serve as building blocks for more advanced contracts
Contracts traded only outside exchanges
Contracts that always involve three or more legs
Futures that can only be cash-settled
Wrong answer
Question 2
pts
The lecture’s chemistry analogy compares outright futures to:
Molecules
Atoms
Catalysts
Chemical reactions
Wrong answer
https://canvas.illinois.edu/courses/65661/quizzes/414615 1/13
, 5/5/26, 12:54 AM Quiz 4 (covering Fixed Income II): Spring 2026-IE 420-Financial Engineering-Sections GO, UO
Question 3
pts
When an outright futures contract is used as part of a combo contract, each outright is called a:
leg
bucket
branch
node
Correct answer
Question 4
pts
A spread futures contract typically represents:
The settlement price of a single contract
The total volume traded in one futures contract
The average price of two unrelated stocks
The difference in price between two or more contracts
Wrong answer
Question 5
pts
An intra-market spread involves:
Buying and selling the same underlying contract but for different times
Buying and selling two different commodities on different exchanges
Trading only one contract month
Buying spot and selling futures
Correct answer
Question 6
pts
An inter-market spread involves:
Buying and selling simultaneously on two or more different underlying contracts
The same underlying contract in two different months
Only contracts on the same exchange
https://canvas.illinois.edu/courses/65661/quizzes/414615 2/13
