Which of the following is true of a futures contract?
A. They are not standardized contracts.
B. They are transferable contracts.
C. They require immediate delivery of the commodity.
D. They require immediate payment of the price.
Answer:B
Which of the following is true of a futures contract?
A. They are not standardized contracts. B. They are transferable contracts. C. They require immediate delivery of the commodity. D. They require immediate payment of the price.