If an Investor Who Has Previously Purchased a Futures Contract

question 56

True/False

If an investor who has previously purchased a futures contract wishes to liquidate her position, she would sell an identical futures contract with the same settlement date.

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Definitions:

Unconstitutional

Referring to actions, laws, or policies that are deemed to violate the principles or provisions of a constitution, particularly that of a nation or state.

Bowers V. Hardwick

A controversial 1986 U.S. Supreme Court decision that upheld the constitutionality of a law criminalizing consensual homosexual acts, later overturned by Lawrence v. Texas in 2003.

Consensual Homosexual Activity

Sexual relations between same-sex partners that are agreed upon without coercion.

Constitutional Right

Rights afforded to individuals by the constitution that are protected from governmental interference.