A contract that allows for the purchase of a specified debt security for a specified price at a future point in time is known as a(n)
A) interest rate futures contract.
B) interest rate swap contract.
C) interest cap contract.
D) security swap contract.

Question

Quizplus · Accepted Answer

Interest rate futures contracts are agreements to buy or sell a debt security at a predetermined price at a specified future date.

A Contract That Allows for the Purchase of a Specified