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With a Futures Contract, the Purchaser Agrees to Buy or Sell

Question 2

Multiple Choice

With a futures contract, the purchaser agrees to buy or sell a currency ________.


A) within a certain amount of time, at the rate applicable on that day
B) when the exchange rate reaches a set amount
C) at any rate after a specified period of time has elapsed
D) at a predetermined price on a specific date

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