The owner of a currency future has a claim on a specified amount of a specified foreign currency.

Name: The owner of a currency future has a claim on a specified amount of a specified foreign currency.
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Question

Quizplus · Accepted Answer

Currency futures are standardized contracts that trade on exchanges and specify the price in one currency at which another currency can be bought or sold at a future date, thus giving the owner a claim on a specified amount of the foreign currency.

The Owner of a Currency Future Has a Claim on a Specified