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Compare and contrast (A) forward contracts, (B) futures contracts, (C) option contracts, and (D) swap contracts. Be sure to address the contracting parties' rights and obligations in each case.
C.
Gross Domestic Product
The total value of all goods and services produced over a specific time period within a country's borders, used as a broad measure of economic performance.
High-Income Countries
Nations with a high gross national income per capita, which typically have advanced economic structures and offer a high standard of living to their citizens.
Latin American
Pertaining to regions in the Americas where Romance languages (primarily Spanish and Portuguese) are primarily spoken, encompassing cultural and historical aspects.
Sub-Saharan Africa
A geographical term used to describe the area of the African continent that lies south of the Sahara Desert.
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