Who is the buyer of the forwards contract in the example? Option: The Regulatory Authority, XYZ Gold Dealers, ABC Jewelers, The Investment Bank

Who is the buyer of the forwards contract in the example?

What is the underlying asset in the forwards contract example provided in the text?

How can the forwards contract in the example be settled?

In an options agreement, who has the right to call off the deal?

What is one of the main risks associated with forwards contracts mentioned in the text?

What is the core premise of a futures contract?