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 asset 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. |
A) Only I
B) Only II
C) Only III
D) II and III
E) None of these
Correct Answer: B
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