Selling a Commodity Futures (Entering a Contract to Make Delivery)

question 16

True/False

Selling a commodity futures (entering a contract to make delivery) is a long position.​

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Definitions:

Goldsmith

Traditionally, an artisan who crafts objects out of gold, but the term can also refer to a person or establishment dealing in gold and gold products.

Silversmith

An artisan specializing in the creation and manipulation of silver into functional items, jewelry, or art.

Restrictive Indorsement

An indorsement in which words have been added to the signature of the indorser that specify the purpose of the indorsement or the use to be made of the commercial paper, such as “for deposit only.”