Question

The buyer of a futures contract is said to have a __________ position, and the seller of a futures contract is said to have a __________ position in futures.

Answer 1

long, short

Step-by-step explanation:

The buyer of a futures contract are those buyers that are ready to take up the responsibility of buying and receive an underlying asset any time future contract reach it's expiration date. It should be noted that the buyer of a futures contract is said to have a long position, and the seller of a futures contract is said to have a short position in futures.