The Buyer of a Futures Contract

question 51

Multiple Choice

The buyer of a futures contract

• A)assumes the short position.
• B)assumes the long position.
• C)may not sell the contract without the permission of the original seller.
• D)has the obligation to deliver the underlying financial instrument at the specified future date.

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Definitions:

Consumer's Mind

The perceptions, attitudes, memories, and biases that influence how a customer thinks about a product, brand, or experience.

Evoked Set

The group of brands or businesses that come to a customer’s mind when she thinks of a type of product.

Cognitive Dissonance

The mental discomfort experienced by an individual who holds two or more contradictory beliefs, ideas, or values at the same time.

Comparison Shop

The practice of comparing prices and characteristics of similar products or services in different outlets before making a purchase.