The Major Difference Between Currency Futures and Forward Contracts Is

question 61

True/False

The major difference between currency futures and forward contracts is that futures contracts are standardized for ease of trading on an exchange market whereas forward contracts are specialized and tailored to meet the needs of clients.

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Definitions:

Professional Position

A role or job that requires specialized knowledge, training, and often a formal qualification.

Teaching

The act of imparting knowledge, skills, or education through instruction.

Administrative Position

A job role focused on organizational tasks, managing duties, and supporting operations within an organization.

Fast-Food Business

A commercial enterprise that serves quick service food items to customers in a fast-paced environment.