Q625
According to futures contract, long position states
A.
purchase of forward contracts
B.
purchase of future contract
AnswerC.
sale of futures contract
D.
sales of forward contracts
Answer: Option B
Solution
Answer: Option B
Solution:
According to futures contract, long position states purchase of future contract. A futures contract is a legal agreement to buy or sell a particular commodity or asset at a predetermined price at a specified time in the future. Futures contracts are standardized for quality and quantity to facilitate trading on a futures exchange.