The Purchase of a Futures Contract Gives the Buyer ________

question 11

Multiple Choice

The purchase of a futures contract gives the buyer ________.

• A) the right to buy an item at a specified price
• B) the right to sell an item at a specified price
• C) the obligation to buy an item at a specified price
• D) the obligation to sell an item at a specified price

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Definitions:

Lumbar Vertebrae

The five vertebrae situated between the thoracic vertebrae and the sacral vertebrae in the lower back.

Thoracic Vertebrae

The twelve vertebrae located in the mid-back section of the vertebral column, providing attachment for the ribs and making up part of the thoracic cage.

Cervical Vertebrae

The seven vertebrae located in the neck region of the spine, known individually as C1 through C7.

Transverse Foramina

Holes found in the transverse processes of cervical vertebrae through which the vertebral artery and vein and sympathetic nerves pass.