In Reference to the Derivatives Market,a "Speculator

question 1

Multiple Choice

In reference to the derivatives market,a "speculator":

• A) attempts to profit from a change in the futures price.
• B) wants to avoid price variation by locking in a purchase price of the underlying asset through a long position in the futures contract or a sales price through a short position.
• C) plays a zero-sum game.
• D) passes off the risk of price variation to other player, who is better able, or at least more willing, to bear this risk.

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