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Fed funds futures have a different way of being quoted. They are quoted by the ‘IMM index’, aka 100 less the interest rate. This means you take the interest rate (the price of the future and subtract it from 100. The contract trades in all 12 months and extends 3 years into the future. federal funds futures rate. The finding of non-exploited profit opportunities appears to stem from the use of monthly aver-age data for the futures rate. When the last day of the month is used to forecast the average funds rate in the next month, no variable adds significantly to federal funds futures fore-cast (Robertson and Thornton, 1997).

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Pegged exchange rates are also known as which of the following

Today, most fixed exchange rates are pegged to the U.S. dollar. Countries also fix their currencies to that of their most frequent trading partners. Brief History and   Countries peg their currency to the dollar by using a fixed exchange rate. China's central bank also uses the dollars to purchase U.S. Treasurys. It needs Examples of these trade-reliant countries are Hong Kong, Malaysia, and Singapore. In practice, most regimes fall between these extremes. The type of exchange This is also known as the pegged exchange rate system. There can be a very 

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