Concerning foreign exchange trading, which of the following characterizes a forward contract?
a. It is an agreement between a holder and a writer.
b. Its contract size can be tailored to the needs of the exporter, importer, and so on.
c. Its date of delivery is non-negotiable.
d. It does not obligate a person to carry out a transaction if the price has changed.
b. Its contract size can be tailored to the needs of the exporter, importer, and so on.
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