Sue Sells a Futures Contract for U

question 88

Multiple Choice

Sue sells a futures contract for U.S. Treasury bonds and on the settlement date the interest rate on U.S. Treasury bonds is lower than Sue expected. Sue will have:

• A) lost money on her short position.
• B) gained money on her long position.
• C) gained money on her short position.
• D) lost money on her long position.

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Definitions:

Evoked Set

Comprises the alternative brands or stores that the consumer states he or she would consider when making a purchase decision.

Adidas Shoes

A brand of athletic and casual footwear produced by the German multinational corporation Adidas, known for its sports and lifestyle products.

Consumer Decision Process

A series of steps a buyer goes through before making a purchase decision.

Internal Search

The process by which individuals use their memories and personal experiences to make decisions.