The Country Farm and the Cookie Maker Met Today and Agreed

question 7

Multiple Choice

The Country Farm and the Cookie Maker met today and agreed to exchange wheat six months from now at a price which they negotiated today.This agreement was made between the two firms and did not pass through an organized exchange.Which one of the following best describes this transaction?

• A)futures contract
• B)spot market
• C)cash market
• D)forward contract
• E)CME transaction

---

Definitions:

Myopia

Nearsightedness.

Physical Losses

The reduction or disappearance of physical assets, health, or capabilities.

Driving Ability

The capability to operate a vehicle safely and effectively, which can vary due to factors like age, health, and experience.

Presbycusis

Age-related hearing loss, gradually occurring in individuals as they grow older, affecting the ability to perceive or understand sounds.