CISI International Certificate in Wealth & Investment Management ICWIM Question # 21 Topic 3 Discussion

CISI International Certificate in Wealth & Investment Management ICWIM Question # 21 Topic 3 Discussion

ICWIM Exam Topic 3 Question 21 Discussion:
Question #: 21
Topic #: 3

If the holder of a long futures contract sells it ahead of expiry, they are considered to have:


A.

Exercised their position


B.

Closed out their position


C.

Taken delivery of the underlying


D.

Delivered the underlying


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