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What is forward contract? (please write everything about forward contract in very simple language that anybody can...

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Accounting

What is forward contract?

(please write everything about forward contract invery simple language that anybody can understandit)               

200 words please

Answer & Explanation Solved by verified expert
3.7 Ratings (615 Votes)
Solution Forward contracts are contracted in which risk of fluctuating prices of the particular commodity in the future is minimized by entering into a contract to buy or sell a particular commodity at a future date at a price that is prevailing in the    See Answer
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