Standardized agreements to buy or sell a specified amount of currency at a date in the future at a pre-determined price are called_____.

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30-11-2022
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Standardized agreements to buy or sell a specified amount of currency at a date in the future at a pre-determined price are called_____.

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Tutorconsortium410 Tutorconsortium410 · Answer 1 · 2022-12-02T21:20:24+01:00

Standardized agreements to buy or sell a specified amount of currency at a date in the future at a pre-determined price are called Future contracts.

What is the purpose of a contract?

A contract is a legally binding arrangement between two or more parties. Each party agrees to uphold the rights and obligations set forth in this agreement after it is signed. In essence, a promise forms the foundation of any contract.

What benefits do contracts provide?

Well-written contracts have several benefits for you and your business, including clarity in contractual obligations, parties' rights, and business relationships. Avoiding future legal disputes and contract issues. preventing misinterpretations of communications and agreements.

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