问题
单项选择题
An analyst does research about future transaction. In general, which of the following is least likely to prefer for an investor to terminate a future contract at expiration（）
A. Delivery.
B. Closeout.
C. Cash settlement.
答案
参考答案：A
解析：
由于考虑到交易成本，特别是对于实物商品期货而言，总体来讲投资者更愿意选择在到期时平仓或者现金结算。