Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. which of the following is incorrect about futures

Which of the following is incorrect about futures contracts: None of the answers. ...

80.2K

Verified Solution

Question

Accounting

Which of the following is incorrect about futures contracts:

None of the answers.

"A futures contract is a contract to buy or sell an agreed quantity of a particular item, at an agreed price, on a specific date"

The loss on a futures contract is limited to the amount paid for the contract.

Futures contracts can be traded on an exchange.

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Zin AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students

Q

What is called a basis for a vector space? What are the extra properties you expect...

Basic Math
Q

Let A be incidence matrix of graph G. prove if G has a cycle, then null...

Advance Math
Q

A drop of a patient's blood is placed in pure water, and the red blood...

Biology
Q

feeling compelled to speak to the police He says in effect that the Miranda warning...

Biology
Q

1 An air bubble doubles its radius on raising from the bottom of water reservoir...

Physics
Q

Next question You can retry this question below 6 18 Is college worth it Part...

Statistics
Q

Claim More than 25 of our class is majoring in nursing or nursing BSN Test...

Statistics
Q

A student took five exams in a course last semester The scores are shown below...

Statistics
Q

Choose whether the expression is a result of multiplying conjugates together squaring binomials or neither...

Algebra
Q

cm Find the area of the figure 6 cm 1 L 16 cm A cm...

Algebra
Q

Belowis a series of cost of goods sold sections for Cullumber lix., Pharosh Co, and...

Accounting
Q

Sandy Bank, Inc., makes one model of wooden canoe. Partial Information is given below. Required:...

Accounting