A futures contract is described as standardised, meaning its terms are not:
AConfirmed
BConsidered
CCustomised
DCalculated
Answer & Solution
Correct answer: C. Customised
1. Its size and settlement dates are set by the exchange.
2. That is what makes it tradable by anyone.
3. So it is not customised.
_Source: OpenStax Principles of Finance 2e, Chapter 20, Risk Management and the Financial Manager._
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