Multiple Choice
Which of the following statements is true of forward contracts?
A) A forward contract has three parties: buyer, seller, exchange.
B) There is no default risk in a forward contract.
C) A forward contract is customizable and traded over-the-counter.
D) A forward contract may be unilaterally revoked by the parties to the contract.
Correct Answer:
Verified
Correct Answer:
Verified
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