By Taking the Short Position on a Futures Contract of $100,000

question 66

Multiple Choice

By taking the short position on a futures contract of $100,000 at a price of 96 you are agreeing to ________ a ________ face value security for ________.

• A)sell;$100,000;$96,000.
• B)sell;$96,000;$100,000.
• C)buy;$100,000;$96,000.
• D)buy;$96,000;$100,000.

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