One can describe a forward contract as agreeing today to buy a product
A)at a later date at a price to be set in the future.
B)today at its current price.
C)at a later date at a price set today.
D)if and only if its price rises above its exercise price.

Question

Quizplus · Accepted Answer

A forward contract involves an agreement to buy or sell an asset at a predetermined price at a specified time in the future. The price is set at the time the contract is entered into, not in the future.

One Can Describe a Forward Contract as Agreeing Today to Buy