With a futures contract, the purchaser agrees to buy or sell a currency ________.
A) within a certain amount of time, at the rate applicable on that day
B) when the exchange rate reaches a set amount
C) at any rate after a specified period of time has elapsed
D) at a predetermined price on a specific date

Question

Quizplus · Accepted Answer

Futures contracts involve an agreement to buy or sell a currency at a predetermined price on a specific date, providing certainty about the price regardless of market fluctuations.

With a Futures Contract, the Purchaser Agrees to Buy or Sell