The buyer of a forward contract:
A) will be taking delivery of the good(s) today at today's price.
B) will be making delivery of the good(s) at a later date at that date's price.
C) will be making delivery of the good(s) today at today's price.
D) will be taking delivery of the good(s) at a later date at pre-specified price.

Question

Quizplus · Accepted Answer

The buyer of a forward contract agrees to take delivery of the goods at a later date, but at a price that is determined at the time the contract is entered into, not at the future date.

The Buyer of a Forward Contract