Question
You bought 3 Crude oil futures contract from NYMEX (Contract size is 1000 barrels). The initial margin requirement is US$2,500/contract and the maintenance margin is
You bought 3 Crude oil futures contract from NYMEX (Contract size is 1000 barrels). The initial margin requirement is US$2,500/contract and the maintenance margin is US$1,500/contract. You will get a margin call if:
Group of answer choices,
1. your cumulative loss is higher than $1000
2. your cumulative loss is higher than $3000
3. your cumulative loss is higher than $2500
4. your cumulative loss is higher than $1500
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Microeconomics
Authors: Paul Krugman, Robin Wells
3rd edition
978-1429283427, 1429283424, 978-1464104213, 1464104212, 978-1429283434
