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    Intermediate Accounting Study Set 12
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    Exam 4: Complex Financial Instruments
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    A Forward Contract
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A Forward Contract

Question 23

Question 23

Multiple Choice

A forward contract


A) is generally exchange traded, therefore has a ready market value.
B) creates a right but not an obligation.
C) commits the contracting parties upfront to do something in the future.
D) has no locked in time period.

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