A Futures Contract Is

question 54

Multiple Choice

A futures contract is:

• A) a negotiable, nonmarketable instrument.
• B) a security, like a stock or bond.
• C) a standardized, transferable agreement providing for deferred delivery of an asset.
• D) not a legal contract, and therefore its terms can be changed.

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Definitions:

Lens

An optical device that bends and focuses light rays, used in glasses, cameras, and various optical instruments.

Ophthalmoscope

A tool used by healthcare professionals to examine the interior of the eye, including the retina and optic nerve.

Optic Chiasm

An X-shaped structure formed by the crossing over of the optic nerves, allowing visual information from both eyes to be processed by both hemispheres of the brain.

Retina

The light-sensitive layer of tissue at the back of the inner eye which converts light into neural signals sent to the brain.