Robex Retail forms a contract with one of its suppliers to buy specific amounts of agricultural produce at a later date.This contract is an example of a(n)________.

Question

Quizplus · Accepted Answer

A)Commodities futures are contracts to buy or sell specific amounts of commodities for a set price at a future date. Agricultural produce is a commodity.
B)Commodities futures are contracts to buy or sell specific amounts of commodities for a set price at a future date. Agricultural produce is a commodity.
C)Commodities futures are contracts to buy or sell specific amounts of commodities for a set price at a future date. Agricultural produce is a commodity.
D)Commodities futures are contracts to buy or sell specific amounts of commodities for a set price at a future date. Agricultural produce is a commodity.
E)Commodities futures are contracts to buy or sell specific amounts of commodities for a set price at a future date. Agricultural produce is a commodity.

Robex Retail Forms a Contract with One of Its Suppliers