A Financial Instrument on Which a Futures Contract Is Based

question 44

Multiple Choice

A financial instrument on which a futures contract is based is called which one of the following?

• A)hedged security
• B)short position
• C)long position
• D)speculative asset
• E)underlying asset

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Definitions:

Universality

The quality of being true or applicable in all situations, cultures, or contexts.

Theodicy

An effort to explain how the existence of evil is compatible with the existence of God.

Paul Tillich

A German-American theologian and philosopher known for his works on existentialist philosophy and Christian existentialism, notably "The Courage to Be."

Act of Faith

A belief or trust in something that is not based on proof or empirical evidence, often used in religious contexts.