Futures Contracts Are Typically ____; Forward Contracts Are Typically ____

question 54

Multiple Choice

Futures contracts are typically ____; forward contracts are typically ____.

• A) sold on an exchange; sold on an exchange
• B) offered by commercial banks; sold on an exchange
• C) sold on an exchange; offered by commercial banks
• D) offered by commercial banks; offered by commercial banks

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Definitions:

Bank Teller

A bank employee who handles withdrawals, deposits, and other transactions directly with the customers.

False Pretense

The illegal obtaining of another’s property by making a materially false representation of an existing fact, with knowledge of the falsity of the representation and with the intent to defraud.

Magazine Subscriptions

Agreements to receive or deliver a magazine periodically, typically in exchange for a subscription fee.

False Token

A counterfeit or fake symbol, object, or piece of information used to deceive or commit fraud.