Question
A future contract...... 1) is standardized as to amounts and dates. 2) expose the contracting party to credit risk. 3) doesn't require a margin account
A future contract......
1) is standardized as to amounts and dates.
2) expose the contracting party to credit risk.
3) doesn't require a margin account to be established.
4) is not exchange traded, therefore doesn't have a ready market value.
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Managerial Accounting
Authors: Susan V. Crosson, Belverd E. Needles
11th Edition
0538742801, 978-0538742801
