An agreement between a buyer and a seller at time 0 to exchange a standardized, pre-specified asset for cash at a specified later date is characteristic of a
A)spot contract.
B)forward contract.
C)futures contract.
D)put options contract.
E)call options contract.

Question

Quizplus · Accepted Answer

A futures contract is a standardized agreement to buy or sell an asset at a predetermined price at a specified time in the future.

An Agreement Between a Buyer and a Seller at Time