Which of the following statements regarding currency futures contracts and forward contracts is NOT true?
A) A futures contract is a standardized amount per currency whereas the forward contact is for any size desired.
B) A futures contract is for a fixed maturity whereas the forward contract is for any maturity you like up to one year.
C) Futures contracts trade on organized exchanges whereas forwards take place between individuals and banks with other banks via telecom linkages.
D) All of the above are true.
Answer: D
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The file for each factory employee that shows the time the employee spent on each job, as well as time spent as indirect labor is the:
a. labor time record. b. payroll record. c. employee's earnings record. d. labor cost summary.
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