单选题 Which of the following statements about closing a futures position through delivery is most accurate?

A、 Delivery is also known as exchange for physicals (EFP).
B、 Depending on the wording of the contract, a trader may close a contract by either delivering the goods to a designated location or by making a cash settlement of any gains or losses.
C、 Although the popularity of physical delivery has decreased over time, delivery by cash settlement remains the most popular method of closing a futures position.

【正确答案】 B

【答案解析】Physical deliveries and cash settlements combined represent less than one percent of all settlements.
An exchange for physicals differs from a delivery in that:
The traders actually exchange the goods.
The contract is not closed on the floor of the exchange.
The two traders privately negotiate the terms of the transaction.