Type of contract which involves exchange of assets will be occurred in future at price settled daily is classified as
A. spot contract
B. forward contract
C. future contracts
D. present contract
Answer: Option C
Solution(By Examveda Team)
Type of contract which involves exchange of assets will be occurred in future at price settled daily is classified as future contracts. A futures contract is a legal agreement to buy or sell a particular commodity or asset at a predetermined price at a specified time in the future. Futures contracts are standardized for quality and quantity to facilitate trading on a futures exchange.This Question Belongs to Management >> International Finance And Treasury
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