单选题
The existence of a delivery option with respect to Treasury bond futures means that the:
A、
short can choose which bond.
B、
short has the option to settle in cash or by delivery.
C、
long chooses which of a number of bonds will be delivered.
【正确答案】
A
【答案解析】
[解析] 长期国库券期货合约的做空方享有在合约到期时选择满足交割条件债券的权利。在期货市场上，这一权利称为交割期权(delivery option)，对合约做空方具有重要价值。
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