Question: Select the correct answer: A Long position in a Cattle Futures Contract: A Gives the buyer the right to acquire cattle at a fixed price
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Select the correct answer: A Long position in a Cattle Futures Contract:
A Gives the buyer the right to acquire cattle at a fixed price over a period of time in the future.
B Gives the buyer the right to sell cattle at a fixed price over a period of time in the future.
C Requires that the buyer acquire cattle at a fixed price at a period of time in the future.
D Requires that the buyer sell cattle at a fixed price at a period of time in the future.
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