单选题 A forward contract that must be settled by a sale of an asset by one party to the other party is termed a :

A. physicals-only contract.
B. deliverable forward contract.
C. take-and-pay contract.

【正确答案】 B

【答案解析】A deliverable forward contract can be settled at expiration only by actual delivery of the asset in exchange for the contract value. The other terms are made up.