From the Perspective of Determining Profit and Loss, the Long

question 33

Multiple Choice

From the perspective of determining profit and loss, the long futures position most closely resembles a levered investment in a ________.

• A) long call
• B) short call
• C) short stock position
• D) long stock position

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Definitions:

Commerce

The activity of buying and selling goods and services, especially on a large scale, involving transportation, finance, and marketing.

Transcontinental Railroad

The railway system that connected the eastern and western parts of the United States, completed in 1869, facilitating widespread economic growth and settlement.

Canals and Steamboats

Key components of the early industrial transportation network, where canals allowed for the movement of goods through waterways and steamboats provided powerful and reliable river transportation.

Erie Canal

A canal in New York, completed in 1825, connecting the Hudson River at Albany to Lake Erie at Buffalo, significantly contributing to the development and expansion of the United States by improving transportation.