CISI Derivatives Practice Questions - CISI Capital Markets Programme - Derivatives (Level 3) Exam

A futures contract is best described as:

A standardised, exchange-traded agreement to buy or sell an asset at a fixed price on a future date A customised bilateral agreement traded over the counter An option to buy an asset at a future date A loan secured against an underlying asset

Correct Answer:

A standardised, exchange-traded agreement to buy or sell an asset at a fixed price on a future date

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