__________ markets are markets where the terms of a transaction, including price, are agreed upon today for a transaction that will take place on a specified date in the future.
A)Money
B)Fed funds
C)Capital
D)Financial futures

Question

Quizplus · Accepted Answer

Financial futures markets are where contracts are made for future transactions at a predetermined price. The buyer agrees to buy a specific asset at a specific price and time, while the seller agrees to sell the asset at that price and time. The most common financial futures contracts include stock index futures, bond futures, currency futures, and commodity futures. The other options listed (money, fed funds, and capital markets) do not involve agreements for future transactions at preset prices.

__________ Markets Are Markets Where the Terms of a Transaction