A Forward Contract

question 23

Multiple Choice

A forward contract

• A) is generally exchange traded, therefore has a ready market value.
• B) creates a right but not an obligation.
• C) commits the contracting parties upfront to do something in the future.
• D) has no locked in time period.

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Definitions:

Justification Report

Report that justifies the need for a purchase, an investment, a new personnel line, or a change in procedure.

AI

Artificial Intelligence, the simulation of human intelligence by machines, capable of learning, reasoning, and problem-solving.

Provides Information

The act of supplying data, facts, or details about a specific topic or subject.

Annual Report

A comprehensive report on a company's activities, financial performance, and strategy throughout the preceding year.