Which of the following are specifically stated in futures contracts?
I. the quantity of the commodity to be delivered
II. the quality of the commodity to be delivered
III. the exact price at which the commodity must be delivered
V. the time and place at which the commodity must be delivered
A) I and II only
B) II and IV only
C) I, II and III only
D) I, II, III and IV

Question

Quizplus · Accepted Answer

Futures contracts specify the quantity and quality of the commodity to be delivered, the price at which it will be delivered, and the time and place of delivery.

Which of the Following Are Specifically Stated in Futures Contracts