The terms of futures contracts such as the quality and quantity of the commodity and the delivery date are
A)specified by the buyers and sellers.
B)specified only by the buyers.
C)specified by the futures exchanges.
D)specified by brokers and dealers.
E)None of the options

Question

Quizplus · Accepted Answer

The futures exchanges specify all the terms of the contracts except price; as a result, the traders bargain over the futures price.

The Terms of Futures Contracts Such as the Quality and Quantity