问题
单项选择题
Which of the following statements regarding a futures trade of a deliverable contract is FALSE()
A. The long is obligated to purchase the asset.
B. The short is obligated to deliver the asset.
C. Equilibrium futures price is known only at the end of the trading day.
答案
参考答案：C
解析：
Each trade is made at the then current equilibrium price, determined by open outcry on the floor of the exchange, and is reported as it is executed. The long is obligated to buy, and the short is obligated to sell, the specified quantity of the underlying asset.