Type of contract which involves future exchange of assets at a specified price is classified as
A. future contracts
B. present contract
C. spot contract
D. forward contract
Answer: Option D
Solution(By Examveda Team)
Type of contract which involves future exchange of assets at a specified price is classified as forward contract. A forward contract is a customized contract between two parties to buy or sell an asset at a specified price on a future date.This Question Belongs to Management >> International Finance And Treasury
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