Which Statement Establishes a Currency Decimal Format So That the Variable

question 7

Multiple Choice

Which statement establishes a currency decimal format so that the variable itemCost is displayed in U.S. dollar format in the following statement? USdollars.format(itemCost) ) ;

• A) new USdollars = DecimalFormat("$###,###.##");
• B) CurrencyFormat USdollars = new CurrencyFormat("$###,###.##");
• C) DecimalFormat USdollars = new DecimalFormat("$###,###.##");
• D) new USdollars = CurrencyFormat("$###,###.##");

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Definitions:

Forward Contract

A tailor-made agreement between two entities to purchase or sell a valuable at an agreed price on a predetermined date in the future.

July Futures Contract

A standardized, legal agreement to buy or sell a commodity or financial asset at a predetermined price at a specified time in July.

Settle Price

The official price at the end of a trading session on a futures exchange, used for calculations of margin and account balances.

Option Premium

The price paid for the rights granted by an options contract, not considering the actual trading of the underlying asset.