Multiple Choice
The seller of a futures contract
A) has the option of canceling the contract the following day if the price is not acceptable to him/her.
B) is legally bound to make delivery of the specified item on the specified day.
C) receives the entire contract amount at the time the contract is made.
D) must make delivery before receiving any monies on the contract.
Correct Answer:
Verified
Correct Answer:
Verified
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