Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Futures contracts are marked to market daily. What does this mean? This means that at the end of the day, you get an accounting of

image text in transcribed
Futures contracts are "marked to market daily. What does this mean? This means that at the end of the day, you get an accounting of what your profit or loss would be for the day if you decide to close out your position This means that at the end of the day, your actual profit or loss is transferred into or out of your account that day. This means that at the end of the day, your actual profit or loss is transferred into or out of your account in 3 to 5 business days. This means that at the end of the day, price changes are posted in the financial press but no profits or losses are booked until the trade is exted

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

The Complete Idiots Guide To Personal Finance In Your 40s And 50s

Authors: Sarah Fisher, Susan Shelly

1st Edition

0028642732, 9780028642734

More Books

Students also viewed these Finance questions