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NEW QUESTION: 1
A forward contract involves:
A. A commitment today to purchase a product only when its price increases above its current exercise price.
B. A commitment today to purchase a product on a specific future date at a price determined today.
C. A commitment today to purchase a product some time during the current day at its present price.
D. A commitment today to purchase a product on a specific future date at a price to be determined some time in the future.
Answer: B
Explanation:
A forward contract is an executory contract in which the parties involved agree to the terms of a purchase and a sale, but performance is deferred. Accordingly, a forward contract involves a commitment today to purchase a product on a specific future date at a price del ermined today.
NEW QUESTION: 2
You create an unmanaged object and use the object. You no longer need the object.
What should you do?
A. Cache the variable's value in a static variable.
B. Cast the object to its base type.
C. Dispose the object to release memory.
D. Set the value of the variable to null.
Answer: B
NEW QUESTION: 3
Which of the following is secured only by the reputation of the issuing firm?
A. debenture
B. unfunded bond
C. bearer bond
Answer: A
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