Which of the Following Is an Example of a "Forward

question 13

Multiple Choice

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

• 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 $100,000 US dollars in 120 days at US$ = 1.10 from another company.
• D)Pay interest at prime +3% in exchange for receiving interest at 5%.

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Definitions:

Abolitionists

Individuals who advocated for the ending of slavery and campaigned for emancipation in the United States before and during the Civil War.

American Temperance Society

A societal organization founded in 1826 with the goal of promoting abstinence from alcohol, it played a crucial role in the early temperance movement in the United States.

Drunkards

Individuals who habitually consume alcohol to excess, often leading to social, legal, or health issues.

Occasional Drinker

A person who consumes alcoholic beverages infrequently or in moderation.