Which of the Following Statements Is True

question 13

Multiple Choice

Which of the following statements is true?

• A)A forward contract is a standardised contract between two parties to deliver and pay for an asset in the future.
• B)A forward contract is a non-standardised contract between two parties to deliver and pay for an asset in the future.
• C)A forward contract is a standardised contract guaranteed by organised exchanges to deliver and pay for an asset in the future.
• D)A forward contract is a non-standardised contract guaranteed by organised exchanges to deliver and pay for an asset in the future.

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Definitions:

Zealousness

The quality of being fervently passionate or devoted to a cause, activity, or goal.

Obligation

A duty or commitment that an individual is required to fulfill by law, promise, or moral principles.

Constitution

The fundamental principles or established precedents according to which a state or other organization is governed.

Confidentially Waived

A situation where an individual voluntarily gives up their right to privacy regarding certain information.