You Purchase Five Futures Contracts at a Price of $4

question 82

Multiple Choice

You purchase five futures contracts at a price of $4.32 on 15,000 bushels and an initial margin of $4,500. If the maintenance margin is $3,800, at what price change will you receive a margin call?

• A) A price decrease of $0.047.
• B) A price increase of $0.038.
• C) A price increase of $0.051.
• D) A price increase of $0.047.
• E) A price decrease of $0.038.

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Definitions:

Jealousy

An emotional state that arises from perceived threats to a valued relationship or position and can lead to feelings of insecurity and fear.

Mania

Love that is obsessive, jealous, and possessive.

Express Love

The act of showing affection, care, and appreciation for someone, typically through words, actions, or gestures.

Verbally

In a manner that uses words, either spoken or written, as opposed to non-verbal communication methods.