20. A futures contract
a. is an agreement to buy or sell a specified amount of an asset at the spot price on the expiration date of the contract.
b. is an agreement to buy or sell a specified amount of an asset at a predetermined price on the epiration date of the contract.
c. gives the buyer the right,, but not the obligation, to buy an asset some time in the future.
d. is a contract to be signed in the futurue by the buyer and the seller of the commodity
e. none of these.
Already registered? Login
Not Account? Sign up
Enter your email address to reset your password
Back to Login? Click here