问题
单项选择题
Which of the following contracts is least likely to be traded on an exchange
A．
| A. Futures contract. |
B．
| B. Forward commitment. |
C．
| C. Forward contract. |
答案
参考答案：C
解析：A forward contract is traded in the over-the-counter market, not an exchange. Derivative and forward commitment are broad terms that could include forwards, futures, or swaps. Unlike forward contracts, futures contracts are standardized, which allows them to be traded on the exchange.