The Terms of Futures Contracts Such as the Quality and Quantity

question 48

Multiple Choice

The terms of futures contracts such as the quality and quantity of the commodity and the delivery date are

• A)specified by the buyers and sellers.
• B)specified only by the buyers.
• C)specified by the futures exchanges.
• D)specified by brokers and dealers.
• E)None of the options

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Definitions:

Vested Interest

A personal stake or involvement in an undertaking or situation, especially one with an expectation of financial or other gain.

Direct Personal Experience

Firsthand encounters or involvement in situations, events, or activities, without intermediaries.

Attitudinal Object

Any subject or entity toward which an individual holds a specific attitude.

Self-awareness

The awareness a person has about their own personality, emotions, intentions, and wishes.