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  • The first use of derivatives contract was ________________. #211
  • A long contract requires that the investor #212
  • A person who agrees to buy an asset at a future date has gone #213
  • A short contract requires that the investor #214
  • A contract that requires the investor to sell securities on a future date is called a #215
  • An option allowing the owner to sell an asset at a future date is a #216
  • To say that the forward market lacks liquidity means that #217
  • An advantage of a forward contract is that #218
  • If you buy a call option on treasury futures at 115, and at expiration the market price is 110, #219
  • The disadvantage of forward contracts are that they #220
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