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A Speculator in the Futures Market Wishing to Lock in a Price

question 52

Multiple Choice

A speculator in the futures market wishing to lock in a price at which they could ________ a foreign currency will ________ a futures contract.


Definitions:

Date

A specific point in time, often defined by day, month, and year, which can be associated with events, deadlines, or appointments.

Holder

A person or entity that possesses a negotiable instrument, such as a check or bond, and has the legal right to enforce it.

Gift

A voluntary transfer of property or funds without receiving anything in return or expectation of return.

Negotiable Instrument

A written promise or order to pay a specific amount of money that can be transferred to another party under certain conditions.

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