Question

Many times we read about Future Trading in
newspaper .What is Future Trading ?
1. It is nothing but a trade between any two stock
exchanges where in it is decided to purchase the
stocks of each other on a fixed price throughout the
year.
2. It is an agreement between two parties to buy and
sell an underlying asset in the future at a
predetermined price
3. It is agreement between stock exchange that they
will not trade the stocks of each other under any
circumstances in future or for a given period of time
A. only 1
B. Only 2
C. Only 3
D. All of these

Answer 1

only 2 is the right answer