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:

Branches of Government

The division of government into separate parts, typically including the executive, legislative, and judicial branches, each with distinct powers and responsibilities.

Doctrine of Federal Subrogation

A legal principle allowing the government to take over the legal rights of a person to whom it has paid money, typically in insurance.

Concurrent Authority

Legal jurisdictions or powers that are shared by different governmental or regulatory bodies.

Unconstitutional

In violation of the principles or provisions of a constitution, especially referring to laws or actions that contradict a country's fundamental laws.