__________ are contracts that give the buyer or seller the right and obligation to purchase or sell a multiple of the value of a stock index at some specific date in the future at a price determined today.
A)Financial futures
B)Forward contracts
C)Stock index futures
D)Options on futures

Question

Quizplus · Accepted Answer

The description matches that of stock index futures contracts. Option A, financial futures, is a vague term and could refer to a variety of futures contracts beyond stock index futures. Forward contracts, option B, also do not specify the underlying asset as a stock index. Option on futures, D, involves options on the futures contract itself, rather than the underlying stock index.

__________ Are Contracts That Give the Buyer or Seller the Right