Multiple Choice
Sue buys a futures contract for U.S. Treasury bonds and on the settlement date the interest rate on U.S. Treasury bonds is higher than Sue expected. Sue will have:
A) gained money on her short position.
B) gained money on her long position.
C) lost money on her long position.
D) lost money on her short position.
Correct Answer:
Verified
Correct Answer:
Verified
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