When You Buy a Futures Contract, Your Futures Position Is

question 23

Multiple Choice

When you buy a futures contract, your futures position is:

• A) flat.
• B) long.
• C) short.
• D) the same as the cash position.
• E) a. and d.

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Definitions:

Infundibulum

A funnel-shaped structure; it can refer to parts of the brain (infundibulum of the pituitary gland) or other organs.

Isthmus

A narrow strip of land with sea on either side, forming a link between two larger areas of land.

Ostium

An anatomical term denoting an opening or orifice, often into a hollow organ or structure.

Fimbriae

Tiny, hair-like projections on the surface of some cells, involved in attachment and movement.