Forward Contracts Are Traded Over-The-Counter and Are Generally Not Standardized

question 18

True/False

Forward contracts are traded over-the-counter and are generally not standardized.

---

Definitions:

Mediators

Neutral individuals or parties that facilitate negotiation and conflict resolution between disputing parties without making a binding decision.

Communication Process

The method by which information is transferred from one person or group to another, encompassing several elements including sender, message, medium, receiver, and feedback.

Specialized Form

Specialized form refers to a distinct variation or adaptation of something that is designed for a specific purpose or function.

Binding Arbitration

A legal process in which a dispute is resolved by an arbitrator, with the decision being final and enforceable by law.