Question: Select the correct answer: A Long position in a Cattle Futures Contract: Gives the buyer the right to acquire cattle at a fixed price over

Select the correct answer: A Long position in a Cattle Futures Contract:

Gives the buyer the right to acquire cattle at a fixed price over a period of time in the future.

Gives the buyer the right to sell cattle at a fixed price over a period of time in the future.

Requires that the buyer acquire cattle at a fixed price at a period of time in the future.

Requires that the buyer sell cattle at a fixed price at a period of time in the future.

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