A ________ Is a Contract,usually on a Standardized Form,offered by a Party

question 30

Multiple Choice

A ________ is a contract,usually on a standardized form,offered by a party who is in a superior bargaining position on a "take-it-or-leave-it" basis.

• A)quasi-contract
• B)contract of adhesion
• C)executory contract
• D)bilateral contract

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Definitions:

Exchange-Rate Risk

The potential for investors or companies to experience losses due to fluctuations in the exchange rates between currencies.

Forward Contract

An agreement calling for future delivery of an asset at an agreed-upon price.

Futures Contract

A standardized legal agreement to buy or sell something at a predetermined price at a specified time in the future, often used for commodities, currencies, and financial instruments.