An Investor Who Wants a Long Position in a ____

question 44

Multiple Choice

An investor who wants a long position in a ____ must first place the order with a broker,who then passes it on to the trading pit or electronic network.Details of the order are then passed on to the exchange clearinghouse.

• A) Call option
• B) Put option
• C) Forward contract
• D) Futures contract
• E) None of the above

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Definitions:

Unit Sales

The total number of individual units sold.

Net Operating Income

The total profit of a company after operating expenses are subtracted from operating revenues, but before taxes and interest are deducted.

Units

A measure of quantity, referring to the individual countable items or grouped quantities of a product.

Sales Commissions

Fees paid to salespersons for selling products or services, typically a percentage of the sale amount.