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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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