Use the following diagram to answer Questions
-At point 3 in the diagram,_________.
Definitions:
Futures Contract
A formal contract for purchasing or selling an item at a pre-set price at a future date.
Maturity
The date on which the principal amount of a financial instrument is scheduled to be repaid.
Daily Settlements
The process by which futures contracts are revalued at the end of each trading day based on the closing market prices to reflect gains and losses.
Sum
The total result of adding two or more numbers or quantities together.
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