[blank] is a contract wherein a price is agreed upon today for an asset to be sold in the future.

Question

Quizplus · Accepted Answer

A forward contract is a type of contract where the two parties involved agree to buy or sell an asset at a predetermined price on a specified future date. This contract is usually offered by financial institutions to manage the price volatility of assets, allowing businesses to lock in a certain price for their future needs.

[Blank] Is a Contract Wherein a Price Is Agreed Upon