A Futures Contract Is an Agreement

Multiple Choice

A futures contract is an agreement:

A) that obligates a corporation to issue additional securities at a specified date in the future.
B) to exchange financial assets on a specified date in the future with the price determined on that date.
C) to deliver goods today in exchange for an agreed upon payment to be paid on a specified date in the future.
D) to exchange a specified quantity of goods on a specified date in the future at the current market price.
E) to exchange goods on a specified date in the future at a price that is agreed upon today.