Question: If a contract contains a promise that a specified amount of foreign currency will be delivered on the specified date in the future, this is:

If a contract contains a promise that a specified amount of foreign currency will be delivered on the specified date in the future, this is:

A.

A swap.

B.

A foreign exchange option.

C.

A spot contract.

D.

A futures contract.

E.

A forward contract.

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