With Regard to a Futures Contract, the Long Position Is

question 3

Multiple Choice

With regard to a futures contract, the long position is held by

• A)the trader who bought the contract at the largest discount.
• B)the trader who has to travel the farthest distance to deliver the commodity.
• C)the trader who plans to hold the contract open for the lengthiest time period.
• D)the trader who commits to purchasing the commodity on the delivery date.

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