Which of the Following Is INCORRECT

question 1

Multiple Choice

Which of the following is INCORRECT?

• A) The buyer and seller in a forward contract agree to trade a commodity on some later delivery date at a fixed delivery (forward)price.
• B) Forwards are zero net supply contracts.
• C) Forward trading is a zero-sum game.
• D) Forward contracts have significant counterparty risk.
• E) Forward contracts are regulated by the Commodity Futures Trading Commission.

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Definitions:

Microlith

Small, often pointed stone tools that were part of the toolkit in prehistoric times, used as spear points or arrowheads.

Blade

A thin, flat edge or surface used for cutting or shaping materials, found in tools such as knives, swords, and blades of grass.

Neolithic Transition

The period marking the shift from hunting and gathering communities to agricultural and settlement societies, bringing about significant changes in human lifestyle and culture.

Mammoths

Extinct large mammals closely related to modern elephants, lived in various parts of the world during the Ice Age, known for their long tusks and woolly coats.