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________ Are Standardized Agreements as to the Delivery Date (Or

Question 13

Multiple Choice

________ are standardized agreements as to the delivery date (or month) and quality of the deliverable, and are traded on organized exchanges, while ________ is usually nonstandardized because the terms of each contract are negotiated individually between buyer and seller.


A) Futures contracts; a forward contract
B) Standardized contracts; a nonstandarized contract
C) Futures contracts; a nonstandarized contract
D) Standardized contracts; a futures contract

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