The Trader Who Holds the Long Position in a Futures

question 60

Multiple Choice

The trader who holds the long position in a futures contract:

• A)must settle it by buying the contract item on the settlement date
• B)has sold the futures contract
• C)can closeout their position any time prior to the settlement date by taking an offsetting short position
• D)has a contractual obligation to sell the contract item on the settlement date
• E)can only closed-out the position early with the agreement of the contract's seller.

Comprehend the physiological and behavioral mechanisms underlying basic survival instincts such as feeding, fear reactions, and social interactions.

Analyze the impact of neural damage on behavior and personality.

Distinguish between regulatory and non-regulatory behaviors and their physiological underpinnings.

Understand the pathways and networks involved in emotion processing within the brain.

---

Definitions:

Ending Inventory

The cost of inventory on hand for selling at the conclusion of an accounting cycle.

Consignment

A business arrangement wherein goods are left in the possession of an authorized third party to sell, but ownership remains with the supplier until items are sold.

Ending Inventory

The total value of all inventory held by a company at the end of an accounting period.

FOB Destination

A shipping term indicating that the seller is responsible for the freight and other shipping charges until the goods reach the buyer's location.