Answer:
Futures contracts are highly standardized whereas the terms of each forward contract can be privately negotiated. Futures are traded on an exchange whereas forwards are traded over the counter
Have the relevant third parties provided their consent? Do threats to compliance impair your independence? Are threats to compliance with the code at an acceptable level?
Answer: 45kg
Explanation:
Since 25% of the ingot consists of zinc, it implies that (100 - 25) = 75% of copper is contained in the ingot.
We then calculate 75% of 60kg to get the amount of kilograms of copper that the ingot of brass contain. This will be:
= 75% × 60
= 75/100 × 60
= 0.75 × 60
= 45kg
