A futures contract is a:
A) contract that provides a specified commodity or instrument to be bought at a future date at a price determined at the expiry date.
B) contract that provides a specified commodity or instrument to be bought at a future date at a price decided today.
C) right to buy a specified commodity or instrument at a price determined today.
D) right to buy a specified commodity or instrument at a price determined at the expiry date.
Correct Answer:
Verified
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