Question: A futures contract differs from a forward contract in that: It is standardized and traded on an exchange It is not legally binding It only

A futures contract differs from a forward contract in that:
It is standardized and traded on an exchange
It is not legally binding
It only applies to commodities, not currencies
It is customized and traded over-the-counter (OTC)
A futures contract differs from a forward

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related Finance Questions!