Question: A Futures Contract Specifies: I. The exact commodity to be purchased or delivered. II. The exact quantity to be purchased or delivered. III. The delivery

A Futures Contract Specifies:

I. The exact commodity to be purchased or delivered.

II. The exact quantity to be purchased or delivered.

III. The delivery price.

IV. The month of delivery

Please choose the correct answer below

A. II and III only

B. I, II and IV only

C. I and III only

D. I and IV only

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