Currency futures contracts have become standard fare and trade readily in the world money centers.

Question

Quizplus · Accepted Answer

Currency futures contracts are standardized agreements to buy or sell a currency at a specific date in the future at a predetermined price. They trade on organized exchanges in major financial centers around the world and are a popular financial instrument for managing currency risk. Therefore, it is true that currency futures contracts have become standard fare and trade readily in the world money centers.

Currency Futures Contracts Have Become Standard Fare and Trade Readily