If the Purchaser of a Futures Contract Fails to Meet

question 76

Multiple Choice

If the purchaser of a futures contract fails to meet a margin call,

• A) his/her contract will be sold at the current market price.
• B) his/her contract will automatically be executed along with immediate delivery.
• C) their local broker can decide to waive the call.
• D) they will be given a 30-day grace period before payment is required.

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Definitions:

Moral Imperative

A principle or obligation that compels individuals to act according to ethical standards.

Business Priority

The ranking or importance of tasks, goals, or objectives within a business to guide decision-making and resource allocation.

Bar Code Scanning

The use of optical scanners to read printed bar codes on items and translate them into digital information.

RFID Technologies

Stands for Radio-Frequency Identification, a technology that uses electromagnetic fields to automatically identify and track tags attached to objects.