A Futures Contract ________

question 44

Multiple Choice

A futures contract ________.

• A) is a contract to be signed in the future by the buyer and the seller of a commodity
• B) is an agreement to buy or sell a specified amount of an asset at a predetermined price on the expiration date of the contract
• C) is an agreement to buy or sell a specified amount of an asset at whatever the spot price happens to be on the expiration date of the contract
• D) gives the buyer the right, but not the obligation, to buy an asset some time in the future

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Definitions:

Deinstitutionalization

Refers to the process of reducing the population of mental hospitals and similar institutions by discharging patients into the community, often criticized for lacking adequate support for those discharged.

Underfunding

The insufficient provision of financial resources necessary for the operation, sustainability, and success of a program, institution, or initiative.

Facilities

Physical buildings, spaces, or resources provided for a particular purpose, such as recreational, educational, or health services.

Programs

Programs refer to a set of planned activities designed to achieve specific outcomes, often used in contexts like education, social services, and software development.