A Futures Contract ________

question 21

Multiple Choice

A futures contract ________.

• A)is a contract to be signed in the future by the buyer and the seller of a commodity
• B)is an agreement to buy or sell a specified amount of an asset at a predetermined price on the expiration date of the contract
• C)is an agreement to buy or sell a specified amount of an asset at whatever the spot price happens to be on the expiration date of the contract
• D)gives the buyer the right, but not the obligation, to buy an asset at some time in the future

---

Definitions:

Maintaining Relationships

Maintaining relationships involves ongoing efforts and strategies to sustain and enhance interpersonal connections, emphasizing communication, trust, and mutual support.

Need For Power

Is an individual’s desire for influence or control over others, which can drive behavior and motivate actions in both personal and professional contexts.

Exercising Authority

The act of using power or control that has been granted to an individual or entity, often in a leadership or managerial context.

Socially Anxious

Describes individuals experiencing discomfort or fear in social situations, fearing negative evaluation or judgment by others.