What is a futures contract? What institutions handle futures contracts?
What will be an ideal response?
A foreign currency futures contract resembles a forward contract insofar as it specifies an exchange rate some time in advance of the actual exchange of currency. However, a future is traded on an exchange, not OTC. Instead of working with a bank or other financial institution, companies work with exchange brokers when purchasing futures contracts.
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Which of the following statements is CORRECT regarding an individual applying for life or health insurance?
A) The applicant waives all privacy rights B) The applicant's family medical history is always required C) The applicant's medical history is irrelevent D) The applicant's medical history may be analyzed and reported
Blackmail is a form of:
A) battery. B) embezzlement. C) fraud. D) extortion.