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

question 64

Multiple Choice

By taking the long position on a futures contract of $100,000 at a price of 115 you are agreeing to ________ a ________ face value security for ________.

• A)sell;$100,000;$115,000.
• B)sell;$115,000;$100,000.
• C)buy;$100,000;$115,000.
• D)buy;$115,000;$100,000.

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