(Choose 1 answer)
In reference to the futures market, a "speculator"
A. (i) attempts to profit from a change in the futures price.
B. (ii) wants to avoid price variation by locking in a purchase price of the underlying asset through a long position in the futures contract or a sales price through a short position in the futures contract.
C. (iii) stands ready to buy or sell contracts in unlimited quantity.
D. both (ii) and (iii)
Exit 8
