You Have Agreed to Deliver the Underlying Commodity on a Futures

question 39

Multiple Choice

You have agreed to deliver the underlying commodity on a futures contract in 90 days. Today the underlying commodity price rises and you get a margin call. You must have

• A)a long position in a futures contract.
• B)a short position in a futures contract.
• C)sold a forward contract.
• D)purchased a forward contract.
• E)purchased a call option on a futures contract.

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Definitions:

National Sovereignty

The authority of a state to govern itself or another state, emphasizing independence and autonomous rule.

National Security Council

A principal advisory body to the President on matters of national security and foreign policy.

Military

The military is the armed forces of a country, tasked with defending the nation from external threats and ensuring internal security.

Intelligence Officials

Individuals working within the government who are responsible for gathering, analyzing, and using information for national security.