Even Though Television Programs Such as Bill Nye the Science

question 56

Essay

Even though television programs such as Bill Nye the Science Guy provide valuable educational material,what's the practical drawback to such programs?

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Definitions:

Futures Contracts

Futures contracts are standardized legal agreements to buy or sell something at a predetermined price at a specified time in the future, between parties not known to each other.

Forward Contracts

Agreements to buy or sell an asset at a future date for a price specified today, not traded on an exchange.

Counterparty Risk

The risk that the other party in an agreement will default or fail to live up to their contractual obligations.

Futures Markets

Financial markets that facilitate the buying and selling of future contracts, which are agreements to buy or sell an asset at a future date at a price specified today.