The Lowest Amount of Funds Required to Maintain a Positions

question 14

Multiple Choice

The lowest amount of funds required to maintain a positions in a futures contract is called a(n) _______ margin.

• A) initial
• B) maintenance
• C) minimum
• D) enforced
• E) futures

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Definitions:

Accounting Cycle

Refers to the series of steps followed in the accounting process to collect, process, and report financial information, culminating in closing the books at the end of the accounting period.

Post-closing Trial Balance

A financial statement prepared after all adjusting and closing entries are made, showing account balances ready for the next period.

Notes Payable

Written promises to pay a specific sum of money on a certain date or dates, classified as a liability on the balance sheet.

Service Revenue

Income earned by a company for services rendered to clients or customers.