Creates the legal obligation

Question-

A(n) ___________ creates the legal obligation for the buyer (seller) to purchase (sell) a commodity specified in the contract at the agreed upon price at some future point in time.

a) futures contract

b) forward contract

c) option

d) a and b only.

Posted Date: 3/21/2014 7:46:48 PM | Location : United Kingdom(UK)

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