A futures contract does which of the following?

ASets the price and date for a commodity purchase in advance of that purchase.
BLimits the future liability of one set of partners if a business fails.
CTemporarily increases the supply of a commodity in order to meet demand.
DEstablishes a pegged exchange rate between two currencies.

Question

11-04-2016
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Answered

A futures contract does which of the following?

ASets the price and date for a commodity purchase in advance of that purchase.
BLimits the future liability of one set of partners if a business fails.
CTemporarily increases the supply of a commodity in order to meet demand.
DEstablishes a pegged exchange rate between two currencies.

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Anonymous Anonymous · Answer 1 · 2016-04-21T23:23:15-04:00

The correct answer for the question that is being presented above is this one: "A. Sets the price and date for a commodity purchase in advance of that purchase." A futures contract is a standardized contract between two parties to buy or sell a specified asset of standardized quantity and quality for a price agreed upon today with delivery and payment occurring at a specified future date, the delivery date.