Concerning foreign exchange trading,a "forward contract"
A) has a definite expiration date at which settlement must occur
B) has contract costs based on the bid-offer spread
C) is issued by a major commercial bank,like Citibank or Barclays
D) all of the above

Question

Quizplus · Accepted Answer

A forward contract in foreign exchange trading has a definite expiration date, involves costs based on the bid-offer spread, and is typically issued by major commercial banks.

Concerning Foreign Exchange Trading,a "Forward Contract