Which of the following is correct? More than one answer is possible ...
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Accounting
Which of the following is correct? More than one answer is possible
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| You close out a long future position by buying a short future. |
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| The owner of a long future position has the right, but not the obligation to buy a product at a set time for a set price in the future. |
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| The owner of a short future position has the obligation to sell a product for a set price at a set time in the future. |
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| No money changes hands between the long and short side of a future contract when the contract is signed. |
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