Currency Futures Contracts Sold on an Exchange

question 93

Multiple Choice

Currency futures contracts sold on an exchange:

• A) contain a commitment to the owner, and are standardized.
• B) contain a commitment to the owner, and can be tailored to the desire of the owner.
• C) contain a right but not a commitment to the owner, and can be tailored to the desire of the owner.
• D) contain a right but not a commitment to the owner, and are standardized.

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