Concerning Foreign Exchange Trading, Which of the Following Characterizes a Forward

Multiple Choice

Concerning foreign exchange trading, which of the following characterizes a forward contract?

A) It is an agreement between a holder and a writer.
B) Its contract size can be tailored to the needs of the exporter, importer, and so on.
C) Its date of delivery is non-negotiable.
D) It does not obligate a person to carry out a transaction if the price has changed.