A. are only used by foreign currency traders to speculate on currency fluctuations. B. are generally legal contracts or exchange traded securities that are designed to transfer risk for a price. C. generally involve three parties. D. Both B and C are true

A. are only used by foreign currency traders to speculate on currency fluctuations. B. are generally legal contracts or exchange traded securities that are designed to transfer risk for a price. C. generally involve three parties. D. Both B and C are true

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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Financial derivatives

Select one:

A. are only used by foreign currency traders to speculate on currency fluctuations.

B. are generally legal contracts or exchange traded securities that are designed to transfer risk for a price.

C. generally involve three parties.

D. Both B and C are true.

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