Question

An investor who wants a long position in a ____ must first place the order with a broker, who then passes it on to the trading pit or electronic network. Details of the order are then passed on to the exchange clearinghouse.

Answer 1

Answer:

Future Contract

Explanation:

An investor who wants a long Position in a Future Contract must first place the order with a broer, who then passes it on to the trading pit or electronic network. Details of the order are then passes on to the exchange clearinghouse.

Future Contract means buy or sell something at specific price at specific time in future.