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Each of these Question ns has a set of four sentences marked A to D. Identify the arrangement of these sentences which makes a logical sequence.

Question 28

(A) When the future date arrives, the hear expects to buy in at a lower price deliver the stock that had been sold under the future contract at a higher price.
(B) A market in which prices are falling or are expected to fall is called by economists a bear market.
(C) Likewise, the term bear can be applied to a person who expects stock prices to fall and sells stock that he or she does not have for delivery at a future date.
(D) It is a designation commonly used in securities markets and commodity markets and is the opposite of a bull market.

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