Explain a future contract
What will be an ideal response?
A future contract (or future) is simply a promise to buy or sell a commodity (e.g., a currency) for a specified price, with both delivery and payment to be made at a specified future date. Because there is a market in futures (they are sold on commodity exchanges), such contracts are both standardized and transferable. Trading in futures, however, seldom results in the physical delivery of the commodity. More often, the obligations of the parties are extinguished by offsetting transactions that produce a net profit or loss. Futures are used primarily as a way to transfer price risks from suppliers, processors, and distributors (called hedgers when they become parties to these hedging contracts) to those who are more willing to take the risk (called speculators).
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Indicate whether the statement is true or false
Savvy Sightseeing had beginning equity of $84,000; revenues of $126,000, expenses of $77,000, and dividends to stockholders of $10,200. There were no stockholder investments during the year. Calculate ending equity.
A. $35,000. B. $122,800. C. $24,800. D. $49,000. E. $133,000.
What is wiretapping? Without a court order, a university cannot intercept the content of electronic transmissions unless an exception applies. What are the three exceptions covered in the book?
What will be an ideal response?
The SQL IS NULL keyword can be used to count the number of nulls in a column
Indicate whether the statement is true or false