You Hold One Long Oil Futures Contract That Expires in April.To

question 74

Multiple Choice

You hold one long oil futures contract that expires in April.To close your position in oil futures before the delivery date you must

• A)buy one May oil futures contract.
• B)buy two April oil futures contract.
• C)sell one April oil futures contract.
• D)sell one May oil futures contract.
• E)none of the above.

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Definitions:

Situational Loss

A type of grief or emotional pain that occurs due to a specific situation or change in circumstances, such as losing a job or divorce.

Life Insurance

A contract between an insurer and an insured, where the insurer promises to pay a designated beneficiary a sum of money upon the death of the insured person.

Funeral Expenses

Costs associated with the burial or cremation and memorial services of a deceased individual.

Situational Loss

The experience of loss associated with a specific situation or life event, such as job loss or the end of a relationship, impacting an individual's wellbeing.