Question
A customer has $3,000 on deposit in her commodities account. She enters an order to buy 1 COMEX gold futures contract that has an initial
A customer has $3,000 on deposit in her commodities account. She enters an order to buy 1 COMEX gold futures contract that has an initial margin require-ment of $2,000 and a maintenance requirement of $1,500. Under exchange rules, the customer may withdraw $1,250 from her account.
A. True
B. False
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Managerial Economics
Authors: Paul Keat, Philip K Young, Steve Erfle
7th edition
0133020266, 978-0133020267
