Multiple Choice
A futures contract can be differentiated from a forward contract in that a futures contract:
A) is organised through an exchange.
B) can be 'closed out' or 'reversed' at any time.
C) is exactly the same as a forward contract.
D) is organised through an exchange and can be 'closed out' or 'reversed' at any time.
Correct Answer:
Verified
Correct Answer:
Verified
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