Answer: A, C, D

This question tests the difference between futures trading and spot trading, and the candidates’ knowledge of the different trading purposes. The purpose of spot trading is to obtain or transfer ownership of the commodity, which is a direct means to meet the needs of buyers and sellers; the purpose of spot trading is generally not to obtain the commodity itself, but to transfer risks or pursue risk returns; depending on the purpose of the transaction, futures traders Divided into hedgers, speculators and arbitrageurs; the purpose of the hedger is to transfer the price risk of the spot market through futures trading, the purpose of the speculator is to obtain risk returns from the price fluctuations in the futures market, and the purpose of the arbitrageur It is to obtain risk returns from price difference fluctuations in the futures market.