ofe customized ogreements in which ane party agrees to buy a commodity at a specific price on a specific future date, and the other.party agrees to make the saie, Typicaily. goods are actually dellvered under these contracts. Which of the following are used to hedge against fuctuating interest rates, stock pnces, and exchange rates? Commantify futures Financial futures Ami feeis strongly that the 20-year 0.5. Treasury bond yield is foo low. Which of the following. derivative postions would fet him earn a proht if he turns out to be nght? A kang positian in interest rate futures A short poisition in structured notes A long posibon in structured notes A shert position in interest rate futures forward and futures currency contracts reflect an obligation to edther buy or sell currency at a future date, whereas options are contracts traded between buyers and sellers that give the option holder the nght, but not the obligatery, ta biry or selt an specafc (ianderiving) asset at a specife price. called the exercise or strike. price, on or before an expiration date. allows you to exercise the optian anytime on br before the expiration date