Currency Futures Contracts Are Standardized, Whereas Forward Contracts Are More

question 47

True/False

Currency futures contracts are standardized, whereas forward contracts are more flexible and can specify whatever amount and maturity date are desired.

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Definitions:

Reservation

The act of keeping something, such as a right or property, specifically withheld or protected from being given up or used.

Lien

A legal right or interest that a lender has in the borrower’s property, granted until a debt owed by the borrower is paid off.

Real Property

Real Property entails land and anything permanently affixed to it, such as buildings, in contrast to personal property or chattels.

Taxes Assessed

The determination and assignment of the value for tax purposes on property, income, or other taxable assets.