Many financial instruments are standardized because:
A) it is believed that most parties to a contract do not read them anyway.
B) complexity is costly, the more complex a contract, the more it costs to create.
C) the standardization of contracts makes them harder to understand.
D) it is required by the government.
Correct Answer:
Verified
Q17: A financial intermediary:
A) is an agency that
Q18: A bank is a financial intermediary. Which
Q19: Juan purchases automobile insurance; the insurance contract
Q20: Mary purchases a U.S. Treasury bond; the
Q21: A futures contract is an example of:
A)
Q23: More detailed financial instruments tend to be:
A)
Q24: The primary use of derivative contracts is:
A)
Q25: Which of the following statements is most
Q26: A derivative instrument:
A) comes into existence after
Q27: The owner of a small business applies
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