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    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.

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