Multiple Choice
A futures contract is:
A) a contract to buy or sell commodities at some point in the future at a predetermined price.
B) a contract to rent a resource for a specified period with the option of buying it at the end of the lease.
C) an investment security whose value depends on the prices of several other securities.
D) the rate at which one currency trades for another currency.
Correct Answer:
Verified
Correct Answer:
Verified
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