Question

By taking the long position on a futures contract of $100,000 at a price of 96 you are agreeing to ________ a ________ face value security for ________.
A. sell; $100,000; $96,000.
B. sell; $96,000; $100,000.
C. buy; $100,000; $96,000.
D. buy; $96,000; $100,000.

Answer

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