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NEW QUESTION: 1
A forward contract involves:
A. A commitment today to purchase a product some time during the current day at its present 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 only when its price increases above its current exercise 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. Cast the object to its base type.
B. Set the value of the variable to null.
C. Dispose the object to release memory.
D. Cache the variable's value in a static variable.
Answer: A
NEW QUESTION: 3
Which of the following is secured only by the reputation of the issuing firm?
A. unfunded bond
B. debenture
C. bearer bond
Answer: B
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