Which of the following is false?
A)Financial forward agreements are transactions that are consummated today for the purchase or sale of financial instruments on a date in the future where the quantities and delivery dates are standardized.
B)Financial futures can be used to hedge or speculate.
C)The money market is where securities with original maturities of one year or less are traded.
D)The spot market is the market for the purchase or sale of securities for immediate delivery.

Question

Quizplus · Accepted Answer

Financial forward agreements do involve the purchase or sale of financial instruments on a future date, but the quantities and delivery dates are not necessarily standardized. The terms of the agreement can be customized between the parties involved.

Which of the Following Is False