Which of the following is an agreement to trade an asset on some future date,at a price that is fixed today?

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A futures contract is an agreement between two parties to buy or sell an asset at a specified price and date in the future. The price is fixed today, and the actual exchange of the asset and payment occurs at a future date. Margin refers to the amount of money required to be deposited by a trader to hold a position in a futures contract. Notional contract is a term that is not commonly used in finance. Interest rate swap is an agreement between two parties to exchange one stream of cash flows for another based on a notional principal amount.

Which of the Following Is an Agreement to Trade an Asset