Question
a.
The terms of futures contracts can be changed during the lifetime of the contract.
b.
The terms of futures contracts are determined by the clearing house.
c.
The terms of futures contracts cannot be changed during the lifetime of the contract.
d.
The terms of futures contracts are customized for each trade.
Posted under IC 89 Management Accounting
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Q. What is the essential characteristic of futures contracts regarding their terms?
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