Futures Contracts Are Standardized Agreements to Buy or Sell a Specific

question 186

True/False

Futures contracts are standardized agreements to buy or sell a specific amount of a commodity or financial instrument at a predetermined price at a defined point in the future.

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Definitions:

Commission

A fee paid to an agent or employee for transacting a piece of business or performing a service, often a percentage of the sale.

Net Proceeds

The amount of money received from a sale after subtracting costs and expenses.

Commission

A fee paid to an agent or employee for transacting a sale or performing a service, often a percentage of the sale amount.

Consignment

The act of giving goods to another party to sell on your behalf, but retaining ownership until the goods are sold.