Which of the following describes a spot contract?
A) a contract that creates the right-but not the obligation-to buy or sell a specific amount of a commodity at a fixed price within an agreed-upon period of time
B) a contract in which a commodity is presently sold and the price is presently paid but delivery is, by agreement, delayed to a later date
C) a contract for the immediate sale and delivery of a commodity, such as a currency
D) a promise to buy or sell a commodity for a specified price, with both delivery and payment to be made at a specified future date
Correct Answer:
Verified
Q57: The Concessional IMF Facility is designed _.
A)
Q58: Which of the following sections of the
Q59: A(n) _ is a promissory note issued
Q60: According to the par value system, every
Q61: Which of the following terms refers to
Q63: In an option contract, if the right
Q64: What is the role of the International
Q65: Explain a future contract.
Q66: Describe the standby arrangement facility provided by
Q67: In which of the following contracts is
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents