____ is a standardized agreement to deliver or receive a specified amount of a specified financial instrument at a specified price and date.

Question

Quizplus · Accepted Answer

A financial futures contract is a standardized agreement to deliver or receive a specified amount of a specified financial instrument (such as a stock index, currency, or interest rate set by a recognized exchange) at a specified price and date. This type of contract is used for hedging or speculating on the future price movements of these instruments. Option contracts give the holder the right, but not the obligation, to buy or sell a security at a set price and within a specific time frame, while brokerage contracts are agreements between clients and brokers for the handling of securities transactions. A margin call is a demand from a broker for an investor to deposit more money or securities into their account to meet minimum margin requirements.

____ Is a Standardized Agreement to Deliver or Receive a Specified