At the Time a Futures Contract Is Written

Multiple Choice

At the time a futures contract is written:

A) the underlying asset is specifically identified.
B) the buyer pays a good faith deposit to the seller.
C) the current market price of the underlying asset becomes the contract price.
D) the current market price of the underlying asset must be less than the agreed upon futures price.
E) the buyer is granted the right, but not the obligation, to exercise the contract.