A Forward Contract in Foreign Currencies Is an Agreement to Exchange

A forward contract in foreign currencies is an agreement to exchange:

A) currencies in the future, at an unspecified date, at an exchange rate agreed when the contract is traded
B) currencies in the future, at a specified date, at whatever the spot rate is at that future date
C) currencies in the future, at an unspecified date, at an unknown exchange rate
D) a product for foreign currency, in the future, at a specified date
E) currencies in the future, at a specified date, at an exchange rate agreed when the contract is traded.