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The Trucking Company enters an agreement with the Oil Corporation to purchase 500,000 gallons of diesel fuel every 6 months for the next five years

The Trucking Company enters an agreement with the Oil Corporation to purchase 500,000 gallons of diesel fuel every 6 months for the next five years at $3 per gallon. What type of agreement is this?

a. Future Contract

b. Swap

c. Forward Contract

d. Call Option

e. Put Option

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