A Speculator That Has ________ a Futures Contract Has Taken

question 5

Multiple Choice

A speculator that has ________ a futures contract has taken a ________ position.

• A) sold; long
• B) purchased; short
• C) sold; short
• D) purchased; sold

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Definitions:

Expenses

Costs incurred by a business in the process of earning revenue, such as salaries, rent, and utilities.

Assets

Resources owned or controlled by a company with expected future economic benefit.

Revenues

The total amount of money generated by a company from its normal business operations, before any costs or expenses are deducted.

Total Liabilities

The sum of all financial obligations or debts that a company owes to outside parties, listed on the balance sheet.