According to futures contract, long position states
A. purchase of forward contracts
B. purchase of future contract
C. sale of futures contract
D. sales of forward contracts
Answer: Option B
Solution(By Examveda Team)
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.This Question Belongs to Management >> International Finance And Treasury
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