A(n) ____ is a standardized agreement to deliver or receive a specified amount of a specified financial instrument at a specified price and date.Select one:a. brokerage contractb. margin callc. financial futures contractd. option contract
Question
A(n) ____ is a standardized agreement to deliver or receive a specified amount of a specified financial instrument at a specified price and date.Select one:a. brokerage contractb. margin callc. financial futures contractd. option contract
Solution
The correct answer is c. financial futures contract. A financial futures contract is a standardized agreement to buy or sell a specified amount of a specified financial instrument at a specified price and date.
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