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Basic Question 5 of 11

At their initiation, both futures contracts and forward contracts specify ______.

I. the good to be exchanged
II. the price at which the good will be exchanged
III. the time at which the exchange will occur

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mbowa wow, principal clearly explained
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I was very pleased with your notes and question bank. I especially like the mock exams because it helped to pull everything together.
Martin Rockenfeldt

Martin Rockenfeldt

Learning Outcome Statements

define forward contracts, futures contracts, swaps, options (calls and puts), and credit derivatives and compare their basic characteristics

CFA® 2024 Level I Curriculum, Volume 5, Module 2.