A futures contract is a forward contract with some important differences.Explain.
A futures contract is a forward contract that has been standardized and which is sold through an organized exchange.Forward contracts generally are private agreements between two parties and as a result are customized and therefore difficult to sell.

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The Answer of A futures contract is a forward contract with some important differences.Explain.
A futures contract is a forward contract that has been standardized and which is sold through an organized exchange.Forward contracts generally are private agreements between two parties and as a result are customized and therefore difficult to sell.

A Futures Contract Is a Forward Contract with Some Important