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Which of the following is an attribute of the ideal currency?Suppose that on June 5, a Japanese Yen future contract is purchased at the 119
Which of the following is an attribute of the "ideal" currency?Suppose that on June 5, a Japanese Yen future contract is purchased at the 119 per dollar (opening price). Contract is for $ 1,000. Initial margin level is 17,000, and maintenance level is 11,000. What is the value of the actual margin at the end of the date June 7, if the future price is 117 per dollar on June 6, and 116 per dollar on June 7? (ASSUMPTION: As margin account reaches above the initial margin level, donot withdraw the amount above the initial margin level)
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