The Buyer of a Futures Contract

question 51

Multiple Choice

The buyer of a futures contract

• A)assumes the short position.
• B)assumes the long position.
• C)may not sell the contract without the permission of the original seller.
• D)has the obligation to deliver the underlying financial instrument at the specified future date.

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Definitions:

National Identity

The sense of a being part of a collective based on shared characteristics, culture, language, and history.

Guernica

A renowned painting by Pablo Picasso, depicting the bombing of the Basque town of Guernica during the Spanish Civil War, symbolizing the tragedies of war and the suffering it inflicts upon individuals, particularly innocent civilians.

Pablo Picasso

A Spanish painter and sculptor, known for co-founding the Cubist movement and for the variety and innovation of his work across different periods.

Caudillo

A military or political leader in Spanish-speaking countries, often associated with dictatorship or authoritarian rule.