URL's in text



I wonder if there is a way to “activate” URL’s in a text written in either the frontpage or in a questionaire?

To give you an idea of what I’m thinking of, I have attached a screenshot:


The link h t t p://www.website.com/link/to/terms.html is not “clickable”, is there some code to activate hyperlinks? (http here written with space on purpose, to not activate hyperlink)