Fred Purchased a Futures Contract on Live Cattle Through Broker

question 2

Multiple Choice

Fred purchased a futures contract on live cattle through Broker A. After purchasing the contract, Fred moved his investments to Broker B. During the transition, the contract on the cattle was forgotten. When the delivery date for the futures contract arrived,

• A) Fred took delivery of live cattle.
• B) Broker A had to pay for the cattle so that they would not be delivered to Fred.
• C) the futures contract was not exercised.
• D) the cattle were not delivered because Fred did not ask for them.

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Definitions:

Fetal Stage

The fetal stage refers to a period in human development that begins during the 9th week of pregnancy and continues until birth, characterizing rapid growth and development of the fetus.

Prenatal Dangers

Hazards or risks to the health and development of a fetus during pregnancy, which can include substance exposure, infections, and poor maternal health.

Maternal Nutrition

The dietary health and nutritional intake of pregnant women, which is crucial for the development and health of the fetus.

Toxins

Poisonous substances produced within living cells or organisms; can also refer to toxic substances introduced into the environment.