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A Futures Contract Is a Forward Contract with Some Important

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Essay

A futures contract is a forward contract with some important differences. Explain.


Definitions:

One Year

A period consisting of 12 consecutive months or 365 days.

Budget Period

A specific time frame for which financial planning, expenditure, and allocations are made and tracked.

Monthly

Pertains to something occurring every month or related to a particular month.

Obtainable Goal

A target or objective that is realistically achievable within a given timeframe or with available resources.

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