If You Took a Long Position in a Pork Bellies

question 73

Multiple Choice

If you took a long position in a pork bellies futures contract and then forgot about it, what would happen at the expiration of the contract?

• A) Nothing-the seller understands that these things happen.
• B) You would wake up to find the pork bellies on your front lawn.
• C) Your broker would send you a nasty letter.
• D) You would be notified that you owe the holder of the short position a certain amount of cash.
• E) You would be notified that you have to pay a penalty in addition to the regular cost of the pork bellies.

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Definitions:

ESDI

Enhanced Small Device Interface is an obsolete computer interface standard used for connecting and controlling hard disk drives, superseded by later technologies like SCSI and SATA.

SCSI

Abbreviation for Small Computer System Interface, a set of standards for connecting and transferring data between computers and peripheral devices.

EFI Partition

A partition on a hard drive used as a part of the UEFI (Unified Extensible Firmware Interface) to store boot files and drivers.

BIOS

Basic Input/Output System (BIOS) is firmware used to perform hardware initialization during the booting process and to provide runtime services for operating systems and programs.