General Studies · Derivatives
Which of the following best defines a futures contract?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1A right without obligation to buy or sell an asset
- 2A customized agreement traded over-the-counter
- 3A contract for immediate delivery of goods
- 4A standardized contract traded on an exchange to buy or sell an asset at a future date✓
Correct answer
A standardized contract traded on an exchange to buy or sell an asset at a future date
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