Futures Contracts __________ Traded on an Organized Exchange, and Forward

question 55

Multiple Choice

Futures contracts __________ traded on an organized exchange, and forward contracts __________ traded on an organized exchange.

• A) are not; are
• B) are; are
• C) are not; are not
• D) are; are not
• E) are; may or may not be

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Definitions:

Caveat Emptor

A Latin phrase meaning "let the buyer beware," placing the responsibility on the buyer to perform due diligence before making a purchase.

Equitable Remedy

A court-ordered action typically taken to prevent or resolve harm rather than monetary compensation, aiming to ensure fairness.

Statutory Assignment

The transfer of rights or benefits from one party to another as regulated and permitted by law.

Assignee

The party to whom rights or duties under a contract are transferred by another party (the assignor).