An Agreement That Gives One Party the Right to Buy

question 72

Multiple Choice

An agreement that gives one party the right to buy from or sell to another party a specified quantity of currency at a specified price would be included in which of the following transactions?

• A) an option
• B) a futures contract
• C) a forward contract
• D) a swap

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Definitions:

System Backup

The process of creating a copy of data on a system to prevent loss of information.

Installation Option

Choices provided to a user during the installation process of software or an operating system, allowing customization of the setup.

Query Software

Software designed to retrieve information from databases through the use of specific requests or commands.

Beta Version

A version of the software that’s still under development. Many beta versions are available for a limited trial period and are used to help the developers correct any errors before they launch the software on the market.