SPICELAND GEN CMB LL INTRM ACCTG; CNCT
SPICELAND GEN CMB LL INTRM ACCTG; CNCT
9th Edition
ISBN: 9781260255775
Author: SPICELAND, Nel
Publisher: MCG
Question
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Chapter A, Problem 4Q
To determine

Derivatives: Derivatives are some financial instruments which are meant for managing risk and safeguard the risk created by other financial instruments. These financial instruments derive the values from the future value of underlying security or index. Some examples of derivatives are forward contracts, interest rate swaps, futures, and options.

To explain: The meaning of futures contract

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