By taking the long position on a futures contract of $100,000 at a price of 115 you are agreeing to ________ a ________ face value security for ________
A) sell; $100,000; $115,000.
B) sell; $115,000; $100,000.
C) buy; $100,000; $115,000.
D) buy; $115,000; $100,000.
C
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In the above figure, the slope across the arc between a and b is
A) 2/5. B) 1. C) 3/2. D) 5/2.
How does the government determine the quota amount that will produce an efficient use of a common resource?
What will be an ideal response?
Consumer surplus increases whenever the price of a good increases
a. True b. False Indicate whether the statement is true or false
Finkelstein and McKnight (2008) provide an empirical estimate of the benefits to seniors of the 1965 introduction of Medicare. Which of the following statements is true concerning the results of this study?
a. There is evidence of a significant reduction in mortality from specific causes (e.g., cardiovascular disease) and the mortality rates of certain vulnerable population groups (e.g., non-whites). b. The introduction of Medicare in 1965 played an essential role in the decline in mortality rates for the elderly over the following decade. c. The real impact of the introduction of Medicare was on the reduction in out-of-pocket health care spending for households faced with catastrophic events (those in the top 25 percent of spenders). d. The long-run benefits of Medicare may be due to encouraging the use of preventive care to control chronic illnesses.