With Regard to a Futures Contract, the Long Position Is

question 24

Multiple Choice

With regard to a futures contract, the long position is held by

• A) the trader who bought the contract at the largest discount.
• B) the trader who has to travel the farthest distance to deliver the commodity.
• C) the trader who plans to hold the contract open for the lengthiest time period.
• D) the trader who commits to purchasing the commodity on the delivery date.
• E) the trader who commits to delivering the commodity on the delivery date.

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Definitions:

Financial Manager

A professional responsible for managing an organization's financial health, including planning, investment, and risk management.

Horizontal Silos

Departments or units within an organization that operate in isolation from each other, leading to a lack of communication and cooperation across different areas.

Collaborative Problem-Solving

An approach to addressing issues where multiple parties work together to come up with and implement solutions.

Functional Chimneys

Siloed divisions within an organization, where communication and cooperation across departments are limited, often leading to inefficiency.