Question: 1 . A futures contract is: A ) A specified time in the future when a contract will be signed. B ) An agreement to

1. A futures contract is:
A) A specified time in the future when a contract will be signed.
B) An agreement to trade an asset for a range of prices at a specified time in the future.
C) An agreement to trade an asset for a certain price at a specified time in the future.
D) There is not enough information provided to answer the question.

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