Today's settlement price on a Chicago Mercantile Exchange (CME) Australian dollar (AUD) futures contract is $0.6910/A$. Your margin account currently has a balance of $2,000. The next three days' settlement prices are $0.6905/A$, $0.6900/A$, and $0.6890/A$. A futures contract specifies A$100,000. If you have ashort positioninfourfutures contracts, the changes in the margin account from daily marking-to-market will result in the balance of the margin account after the third day to be:

(Hint: margin account balance changes as much as the profit (loss) you make every day. Refer to Ch 05 Practice Problems: Currency Futures and Options)

$800

$1,200

$2,000

$2,800