Which of the Following Is the Best Definition of Futures

question 162

Multiple Choice

Which of the following is the best definition of futures contract?

• A) Long-term financial risk arising from permanent changes in prices or other economic fundamentals.
• B) A legally binding agreement between two parties calling for the sale of an asset or product in the future at a price agreed upon today.
• C) A forward contract with the feature that gains and losses are realized each day rather than only on the settlement date.
• D) Reducing a firm's exposure to price or rate fluctuations.
• E) An agreement that gives the owner the right, but not the obligation, to buy or sell a specific asset at a specific price for a set period of time.

Understand the importance and guidelines of good writing skills in legal documentation.

Identify the critical factors to consider before starting a legal writing assignment.

Describe the essential components of an internal legal memorandum.

Define and critique the use of legalese in legal documents.

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Definitions:

Individual Characteristics

Unique attributes, traits, or behaviors that distinguish one person from another.

Home Care Service

Assistance and healthcare services provided in a patient's home to aid in recovery, daily living, or palliative care.

Dressing Changes

The practice of replacing wound coverings to promote healing and prevent infection.

Family Environment

The social and emotional climate of a family, including relationships among family members, and the structure and dynamics of the household.