Solved

If You Took a Long Position in a Pork Bellies

Question 73

Multiple Choice

If you took a long position in a pork bellies futures contract and then forgot about it, what would happen at the expiration of the contract?


A) Nothing-the seller understands that these things happen.
B) You would wake up to find the pork bellies on your front lawn.
C) Your broker would send you a nasty letter.
D) You would be notified that you owe the holder of the short position a certain amount of cash.
E) You would be notified that you have to pay a penalty in addition to the regular cost of the pork bellies.

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions