Question

An agreement sold over an exchange to buy/sell a commodity or financial instrument at a designated future date is known as:

A Spot contract Correct Answer Incorrect Answer
B Option contract Correct Answer Incorrect Answer
C Futures contract Correct Answer Incorrect Answer
D Forward contract Correct Answer Incorrect Answer
E Swap agreement Correct Answer Incorrect Answer

Solution

A futures contract is an agreement sold an exchange to buy/sell a commodity or financial instrument at a designated future date.

Practice Next
×
×