Unlike a private supply agreement, a futures contract is traded on an:
AEstimate
BEstuary
CEnvelope
DExchange
Answer & Solution
Correct answer: D. Exchange
1. Its market price is publicly observable.
2. The market for it is highly liquid.
3. It is traded on an exchange.
_Source: OpenStax Principles of Finance 2e, Chapter 20, Risk Management and the Financial Manager._
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