Which of the following is a characteristic of a futures contract? It is a standardized...

90.2K

Verified Solution

Question

Accounting

image Which of the following is a characteristic of a futures contract? It is a standardized contract traded on an exchange. It gives the buyer the right, but not the obligation, to buy or sell the underlying asset at a specified price on a specified date. It is settled in cash

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Zin AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students