If a Trader Holding a Long Position in Corn Futures

question 9

Multiple Choice

If a trader holding a long position in corn futures fails to meet the obligations of a futures contract, the party that is hurt by the failure is

• A) the offsetting short trader.
• B) the corn farmer.
• C) the clearinghouse.
• D) the broker.
• E) the commodities dealer.

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Definitions:

Freed Slaves

Individuals who were emancipated from slavery, either through legal means, such as the abolition of slavery, or through escape.

Federal Government

The national government of a federation which has specific responsibilities defined by a constitution, distinct from regional or state governments within the federation.

Confederate Congressional Elections

Elections held within the Confederate States of America during the Civil War to elect representatives to their Congress, reflecting the political dynamics and nationalism of the Confederacy.

Public Confidence

refers to the trust and belief the general public has in the ability of an organization, institution, or government to perform its duties effectively and ethically.