It is possible to enter into a long or a short position on a futures exchange.

a)A long position is equivalent to a ______(buy / sell)? or ______(bought / sold)? futures contract and entitles the holder to:

(choose one of blow two)

A.buy an asset at a future time for a certain price B.sell an asset at a future time for a certain price

b)A short position is equivalent to a ____ (buy /sell)? or ____ (bought / sold)? futures contract and entitles the holder to:

Choose one:

A.buy an asset at a future time for a certain price B.sell an asset at a future time for a certain price