Futures Contracts Are Standardized with Respect to Delivery Date and the Futures

question 156

True/False

Futures contracts are standardized with respect to delivery date and the futures price specified for the settlement date.

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Definitions:

Market Price

The current price at which an asset or service can be bought or sold in a market.

No-Par

Refers to stock issued without a par value, meaning it has not been assigned a nominal face value.

Market Value

The ongoing rate at which one can buy or sell an asset or service.

Weighted-Average

A method of calculating an average that takes into account the importance, or weight, of each value.