The Buyer of a Forward Contract Is Said to Have

question 27

True/False

The buyer of a forward contract is said to have a short position and is obligated to pay the forward price for the asset.

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Definitions:

Western Hemisphere

The half of the Earth that lies west of the Prime Meridian (which crosses Greenwich, London, England) to the International Date Line, comprising the Americas and their surrounding waters.

Freeholders

Historically, individuals who owned their land outright, without owing feudal duties or rents to a superior, often having specific political rights or privileges in their locality.

Suffrage

The entitlement to participate in political elections by casting a vote.