Question $3$

A futures contract $$

$q,$

$q,$ is a contract to be signed in the future by the buyer and the seller of a commodity

is an agreement to buy or sell a specified amount of an asset at a predetermined price on the expiration dar

is an agreement to buy or sell a specified amount of an asset at whatever the spot price happens to be on $1$ contract $q,$

$$ gives the buyer the right, but not the obligation, to buy an asset some time in the future

MacBook Ai

$$

$?$f $$

$$ a

$(3)$

s$.$ F$5$

$$

$$

$!$

@

#

$

$F4$

$3$

$4$

$\%$

${?}^{{?}^{?}}$

$1$

$2$

$5$

$W$

$E$

$R$

T

W