A Futures Position That Is Equal, but Opposite, the Position

question 57

Multiple Choice

A futures position that is equal, but opposite, the position you have in the underlying asset defines which one of the following terms?

• A)short hedge
• B)long hedge
• C)full hedge
• D)partial hedge
• E)underlying hedge

---

Definitions:

Wholesale Meat

The bulk selling and distribution of meat products to retailers, food service establishments, or other businesses, rather than direct to consumers.

Final Consumer

The end user who purchases a product or service for personal use, not for manufacturing or resale.

Government

An organization that provides goods and services to households and firms, and that redistributes income and wealth.

Assisted-Living

A residential option for seniors who need help with daily activities but do not require the full-time healthcare services provided in a nursing home.