Tom Buys a Futures Contract for U

question 92

Multiple Choice

Tom buys a futures contract for U.S.Treasury bonds and on the settlement date the interest rate on U.S.Treasury bonds is higher than Tom expected.Tom will have:

• A)Gained money on his short position.
• B)Lost money on his long position.
• C)Gained money on his long position.
• D)Lost money on his short position.

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Definitions:

Standard Form

A way of presenting logical arguments with all premises listed first, followed by the conclusion, often used to clarify logical structure.

Categorical Propositions

Statements that assert or deny that all or some of the members of one category are included in another.

Copula

A linking verb in a sentence, often a form of "to be", connecting the subject to a subject complement.

Non-categorical

Pertains to statements or propositions that do not fit neatly into predefined categories or classifications.