SOFE
AFE · Question #60
A private agreement to buy or sell a given quantity of an asset such as a currency, interest rate or commodity at a specified future date at a specified price is called:
The correct answer is D. Forward Contract. See the full explanation below for the reasoning.
Question
A private agreement to buy or sell a given quantity of an asset such as a currency, interest rate or commodity at a specified future date at a specified price is called:
Options
- AForward investment plan
- BFuture agreement plan
- CFuture Contract
- DForward Contract
How the community answered
(36 responses)- A3% (1)
- B6% (2)
- C11% (4)
- D81% (29)
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