An agreement between a business and a large money center bank to sell 10 million dollars of T-Bills in sixty days is called a

Name: An agreement between a business and a large money center bank to sell 10 million dollars of T-Bills in sixty days is called a
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Question

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A forward contract is a customized agreement between two parties to buy or sell an asset at a specified price on a future date. In this case, the agreement to sell T-Bills in sixty days fits the definition of a forward contract.

An Agreement Between a Business and a Large Money Center