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.
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.
举一反三
- Which of the following is most likely to be a feature common to both forward and futures contracts? A: Daily marking to market of contracts B: Standardization of the contract’s terms and conditions C: Their use for hedging or speculation
- Which of the following statements is most accurate() A: Forward contracts require that both parties to the transaction have a high degree of creditworthiness. B: Forward contracts are marked to market daily. C: Futures contracts have more default risk than forward contracts.
- An analyst does research about market efficiency. Which of the following statements least likely explains why a market mispricing may persist（） A: Arbitrage is encouraged to produce riskless profits. B: A price discrepancy is insufficient large to leave the investor with a profit. C: Short selling is limited or restricted.
- Assume a market is perfectly competitive. When a new producer enters the market, the A: price in the market increases. B: price in the market decreases. C: price in the market does not change. D: market is no longer a competitive market.
- In the forward market, the exchange rate is agreed on at the time of the currency contract, but payment is not made until the future delivery of the currency actually takes place.