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Which of the following statements are true about futures contracts? Check all that apply: They are an agreement to buy or sell a specified amount
Which of the following statements are true about futures contracts?
Check all that apply:
They are an agreement to buy or sell a specified amount of an asset at a specified date and for an agreed-upon price.
Both parties (buyer and seller) are protected from future price fluctuations of the asset.
They gives the buyer a right but not an obligation to buy a specified amount of an asset at a specified date and price.
They are daily marked to market.
They eliminate both price risk and credit (default) risk.
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