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Which of the Following Features Apply to a Futures Contract

question 16

Multiple Choice

Which of the following features apply to a futures contract?
I. zero-sum game
II. derivative security
III. maturity date
IV. settlement procedure


Definitions:

Foreign Officials

Individuals holding positions of authority in government bodies outside one's own country.

Business Contracts

Legally binding agreements between two or more parties that outline terms and conditions related to business transactions.

Criminal Liability

The legal responsibility or obligation of an individual who has committed a crime, subjecting them to prosecution and punishment.

State of Mind

The particular condition or mood a person is in at any given time, often relevant in determining intent in legal contexts.

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