With Regard to a Futures Contract, the Short Position Is

question 79

Multiple Choice

With regard to a futures contract, the short 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.
• E) the trader who commits to delivering the commodity on the delivery date.

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Definitions:

Politics

The activities, actions, and policies that are used to gain and hold power in a government or to influence the government.

Class Consciousness

An awareness of one's own social class and its position within the broader societal class structure, often associated with a sense of solidarity and collective action among members of the same class.

Objective Economic

The study or approach that deals with economic phenomena based on objective analysis and facts, disregarding personal feelings or interpretations.

Socialist Societies

Societies structured on the principles of socialism, where the means of production, distribution, and exchange are owned or regulated by the community as a whole.