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A FUTURES CONTRACT IS DIFFERENT FROM A FORWARD CONTRACT BECAUSE: Select one: a. IT SPECIFIES THAT A CERTAIN CURRENCY WILL BE EXCHANGED FOR ANOTHER AT

A FUTURES CONTRACT IS DIFFERENT FROM A FORWARD CONTRACT BECAUSE:

Select one:

a. IT SPECIFIES THAT A CERTAIN CURRENCY WILL BE EXCHANGED FOR ANOTHER AT A TIME IN THE FUTURE.

b. FUTURES ARE SPECIFIED CONTRACTS TRADING ON ORGANIZED EXCHANGES WITH FUTURE RESETTLEMENT THROUGH AN EXCHANGE BROKER.

c. FUTURES ARE STANDARDIZED CONTRACTS TRADING ON ORGANIZED EXCHANGES WITH DAILY SETTLEMENT THROUGH A CLEARING HOUSE.

d. IT SPECIFIES THAT A CERTAIN CURRENCY WILL BE EXCHANGED FOR ANOTHER AT A TIME TODAY AT PRICES SPECIFIED IN THE FUTURE.

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