The Buyer of a Forward Contract

question 23

Multiple Choice

The buyer of a forward contract:

• A) will be taking delivery of the good(s) today at today's price.
• B) will be making delivery of the good(s) at a later date at that date's price.
• C) will be making delivery of the good(s) today at today's price.
• D) will be taking delivery of the good(s) at a later date at pre-specified price.

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Definitions:

Advancing Edge

Refers to the forefront or leading front of something moving forward or expanding, commonly used in contexts involving growth, innovation, or the spread of phenomena.

Tectonic Plates

Massive sections of Earth's lithosphere that move, interact, and change over time, significantly influencing the planet's geological features.

Plate Tectonics

The scientific theory that explains the movements of the Earth's lithospheric plates and the phenomena that occur at their boundaries, like earthquakes and volcanic activity.

First Major Extinction

Refers to the Ordovician-Silurian extinction event, which is believed to be the first of the five major extinction events in Earth's history, occurring approximately 443 million years ago.