Answer:
See Explanation Below
Step-by-step explanation:
The concept of forward contract is such that it is a form of accordance that exist between two parties (rhey buyer and seller) on a particular transaction which is to be carried out or executed at a later or future date.
While
The concept of futures contract is such a contract that exist between two parties where both parties agree to buy and sell a particular asset of specific quantity and at a predetermined price, at a specified date in future.
The differences between them are
1. Futures contracts are of high standard whereas the terms of each forward contract can be negotiated.
2 Futures are traded on an exchange whereas forwards are traded over-the-counter.
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Answer:
13
Step-by-step explanation:
Rhombus has opposite sides congruent.
GH = JK
GH = 13
13 = JK
{x - 3y = 7 | · (-2)
{2x - 6y = 12
{-2x + 6y = -14
{2x - 6y = 12 (+)
---------------------------------------
-2x + 2x + 6y + (-6y) = -14 + 12
0 = -2
contradiction
x, y ∈ ∅