Many times, we read about future trading in newspapers. What is 'future trading'? 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. Select the correct answer using the codes given below

• A.  Only I                                     
• B.  Only II
• C.                     Both I and II                            
• D.  None of these