A Futures Contract Is an Agreement to Buy a Commodity

question 63

True/False

A futures contract is an agreement to buy a commodity at a specific future date, at a price set today.

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Definitions:

Sheer Effort

The intense and pure expenditure of energy and determination to achieve a particular task or goal.

Ability or Intelligence

The capacity to perform cognitive tasks, solve problems, and learn from experience, varying widely among individuals.

Discrimination

The unjust or prejudicial treatment of different categories of people or things, especially on the grounds of race, age, or gender.

Discrimination

The unfair or biased treatment towards various groups of individuals, notably based on their race, age, gender, or disabilities.