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Which of the following statements is correct? (More than one answer is possible.) A - A speculator owns or plans to buy the underlying asset,

Which of the following statements is correct? (More than one answer is possible.)

A - A speculator owns or plans to buy the underlying asset, a hedger does not.

B - A hedger owns or planes to buy the underlying asset, a speculator does not.

C - An airline buying long oil futures is an example of hedging.

D - A politician buying cattle futures is an example of speculation.

(The answer is NOT B & D only) It may include them or not them but it's not just those two together.

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