Which of the Following Statements Is Most CORRECT

question 9

Multiple Choice

Which of the following statements is most CORRECT?

• A) One advantage of forward contracts is that they are default free.
• B) Futures contracts generally trade on an organized exchange and are marked to market daily.
• C) Goods are never delivered under forward contracts, but are almost always delivered under futures contracts.
• D) Answers a and c are correct.
• E) None of the answers above is correct.

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Definitions:

Political Rights

Rights that allow individuals to participate in the political process, including voting, running for office, and engaging in political discourse.

Blacks

A term referring to individuals of Sub-Saharan African descent, often used within the context of discussions on race and ethnicity.

Sherman's Neckties

A term referring to the practice by Union General William Tecumseh Sherman during the American Civil War of destroying Confederate railroad tracks by heating and then bending them.

Railroad Ties

Heavy beams used as a base for railroad tracks to hold them in place and ensure the tracks remain aligned.