Forwards and Futures Contracts

1 Forward Contract _____ A position involving the purchase of an asset

2 Forward Price _____ A position assumed when traders sell shares they do not own

3 Long Position _____ A contract that obligates the holder to buy or sell an asset at a predetermined delivery price during a specified future time period

4 Short _____ The product is a standardized financial instrument that is traded on an organized exchange

5 Over-the-counter Exchange _____ The delivery price currently applicable to a futures contract

6 Futures Contract _____ A market where traders deal by phone. The traders are usually financial institutions, corporations, and fund managers

7 Futures Price _____ A contract that obligates the holder to buy or sell an asset for a predetermined delivery price at a predetermined future time

8 Exchange Traded Product _____ The delivery price in a forward contract that causes that causes the contract to be worth zero

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