Unlike Options,a Futures Contract Binds the Buyer to Buy the Commodity

question 68

True/False

Unlike options,a futures contract binds the buyer to buy the commodity at a fixed price.

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Definitions:

Responsibilities

Duties, tasks, or obligations that an individual is expected or required to perform, often within a social, professional, or personal context.

Polygenic

A term describing a trait that is influenced by multiple genes, often resulting in a continuous range of possible phenotypes.

Environmental Conditions

The state of the external physical and biological factors that influence the growth, development, and survival of organisms.

Monogenic

In genetics, relating to a trait or disorder caused by a mutation in a single gene.