15, A _______ contract on a commodity is a commitment to _____ or receive a specific quantity and quality of a commodity during a designated month at a price determined by the futures market. (future / futures)
举一反三
- You need to check each commodity or futures contract since each of them is ____
- 依据CISG规定,有效发价的内容确定,指的是内容至少包含( ) A: name of commodity、quality、quantity B: name of commodity、price、quantity C: name of commodity、quality、package D: name of commodity、quality、time of delivery
- According to the passage, why do we have futures contracts A: To take delivery of a given commodity. B: To make the market against price fluctuations stable. C: To ensure delivery of a given commodity at market prices. D: To allow for some price certainty before a commodity is delivered.
- Which of the following items<br/>is not specified in a futures contract? I) The contract size II) The maximum acceptable price range during the life of the contract III) The acceptable grade of the commodity on which the contract is heldIV) The market price at expiration V) The settlement price A: II and IV B: I, III, and V C: I and V D: I, IV, and V E: I, II, III, IV, and V
- An analyst does research about difference between forward market and future market. Compared with contracts in the forward market, contracts in the futures market are least likely to be appropriately described as transactions that are:（） A: public. B: customized according to the counterparts' requests. C: based on an agreement to buy or sell an underlying asset at a future date at a price agreed on today.