Question - 3
Many times, we read about future trading in newspapers.What is 'future trading'?
I. It is nothing but a trade between any two stock exchanges, wherein it is decided to purchase the stocks of each other on a fixed price throughout the year
II. It is an agreement between two parties to buy or sell an underlying asser in the future at a predetermined price.
III. It is an agreement between stock exchanges that they will not trade the stocks of each other under any circumstances in future or for a given period of time
Select the correct answer using the codes given below.
- A Only 1
- B Only II
- C Only III
- D II and III
- E None of these