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Question
Financial futures are:a. a commitment between two parties to trade a financial instrument at a certain rate at a specified time in the future.
b. A call option on a standardized asset at a certain price at a specified time in the future.
c. A put option on a standardized asset at a certain price at a specified time in the future.
d. a commitment between two parties on the price of a standardized financial asset with the final settlement specified time in the future.
e. b. and c.
Answer
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