Multiple Choice
Which of the following is an example of a "future"?
A) Right to buy 100 shares of CIBC over the next 5 years.
B) Commitment to buy 100 barrels of oil next month at $125/barrel on the Chicago Mercantile Exchange.
C) Commitment to buy $100,000 U.S. dollars in 120 days at US$ = 1.10 from another company.
D) Pay interest at prime +3% in exchange for receiving interest at 5%.
Correct Answer:
Verified
Correct Answer:
Verified
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