Question
When purchasing a futures contract, the initial margin requirement is best described as the: a. amount needed to finance the purchase of the underlying asset.
When purchasing a futures contract, the initial margin requirement is best described as the:
a.
amount needed to finance the purchase of the underlying asset.
b.
minimum account balance required as prices change.
c.
performance bond ensuring fulfillment of the obligation.
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Practical financial management
Authors: William r. Lasher
5th Edition
0324422636, 978-0324422634
