Which One of the Following Statements Is Correct

question 17

Multiple Choice

Which one of the following statements is correct?

• A)Futures contracts must be held to maturity.
• B)Futures contracts can be closed out only by contract buyers.
• C)Futures contracts can be closed out, but only during the week prior to maturity.
• D)You cannot avoid accepting delivery once you purchase a futures contract.
• E)Futures contracts can be closed out by entering a reverse trade.

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Definitions:

Polykaryotic

A cellular condition in which an organism has multiple nuclei within a single cell membrane.

Yeast

A unicellular fungus (usually an ascomycete) that reproduces asexually by budding or fission, and sexually by ascospores.

Perforated Septum

A condition where the nasal septum, the bone and cartilage that separates the nasal cavity, has one or more holes.

Conidium

An asexual spore that is usually formed at the tip of a specialized hypha called a conidiophore.