3 ms·
Why do you think its a futures contract? OP reads like it's a loan against collateral to me.
by bjornsing 12y ago
Why do you think its a futures contract? OP reads like it's a loan against collateral to me.
- talideon 12y agoIt's a futures contract because they don't yet have a finished product. Even after the wheels have been produced, the cheese hasn't matured yet, and they have no idea what the quality is going to be. That's why it's a futures contract rather than a loan against collateral.