When an Offer and Agreement Exist Between Parties,this Is Called

question 19

Multiple Choice

When an offer and agreement exist between parties,this is called

• A) capacity.
• B) legal purpose.
• C) consideration.
• D) mutual assent.

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Definitions:

Forward Contracts

Financial derivatives involving an agreement to buy or sell an asset at a predetermined future date and price.

Commodity Prices

The market prices for raw materials or primary agricultural products that are traded on exchanges.

Exchange Rates

The value of one currency for the purpose of conversion to another, determining how much one currency is worth in terms of another.

Interest Rates

The cost of borrowing money or the return earned on an investment, usually expressed as a percentage.