Every commodity contract specifies all the following EXCEPT
A)the settle price.
B)the product.
C)the delivery month.
D)the unit size of the contract.

Question

Quizplus · Accepted Answer

While a commodity contract specifies the product, delivery month, and unit size of the contract, the contract does not specify the settle price. The settle price is determined by market forces at the time of settlement.

Every Commodity Contract Specifies All the Following EXCEPT