Yesterday,you Entered into a Futures Contract to Sell €75,000 at $1.79

question 70

Multiple Choice

Yesterday,you entered into a futures contract to sell €75,000 at $1.79 per €.Your initial performance bond is $1,500 and your maintenance level is $500.At what settle price will you get a demand for additional funds to be posted?

• A)$1.7767 per €.
• B)$1.2084 per €.
• C)$1.6676 per €.
• D)$1.1840 per €.

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Definitions:

Reimbursement

The act of compensating someone for an expense incurred, often associated with business expenses or insurance claims.

Real Defense

A legitimate legal defense that can be used to void a contract or document, typically in cases of fraud or invalidity.

Principal Debtor

The primary individual or entity responsible for repaying a debt or fulfilling an obligation.

Personal Defense

Legal justifications used in civil and criminal cases that excuse or minimize the defendant's liability due to personal circumstances.