Which of the Following Is an Example of a "Future

question 39

Multiple Choice

Which of the following is an example of a "future"?

• A)Right to buy 100 shares of CIBC over the next 5 years.
• B)Commitment to buy 100 barrels of oil next month at $125/barrel on the Chicago Mercantile Exchange.
• C)Commitment to buy $100,000 U.S. dollars in 120 days at US$ = 1.10 from another company.
• D)Pay interest at prime +3% in exchange for receiving interest at 5%.

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Definitions:

Mucous Membranes

The moist tissue lining various body cavities and canals such as the nose, mouth, lungs, and digestive tract, serving as a barrier to infection.

Macular Degeneration

A medical condition which results in blurred or no vision in the center of the visual field, often due to aging.

Synesthesia

A crossing over of sensory perceptions. For example, a loud sound may be seen or a color may be felt.

Drug Dependency

A condition resulting from the chronic use of a drug where a person's body or mind feels a compulsory need to continue use despite potential harm.