Your Broker Requires an Initial Margin of $4,725 Per Futures

question 33

Multiple Choice

Your broker requires an initial margin of $4,725 per futures contract on soybeans and a maintenance margin of $3,500 per contract. Soybean futures contracts are based on 5,000 bushels and quoted in cents per bushel. Yesterday, you bought 4 soybean futures contracts at the closing settlement price of 1372. Today, the settlement quote is 1340. All margin calls restore margin levels to their initial margin level. Will you receive a margin call and if so, for what amount?

• A) no margin call
• B) call for $425
• C) call for $487
• D) call for $1,650
• E) call for $6,400

Differentiate between various models of unionism and their characteristics.

Interpret ideological positions and historical contexts of significant U.S. labor unions.

Understand the concept of an independent union and its characteristics.

Recognize the historical context of labor stability and employment rights in the early 20th century.

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Definitions:

Emotional Reaction

A spontaneous response involving feelings that occur as a result of stimuli, interactions, or events.

Effective Routine Requests

Communication strategies or messages designed to seek or secure assistance or information in a regular, day-to-day context efficiently.

Maximum Persuasion

The use of communication skills and techniques to their fullest extent to influence or convince others of a particular viewpoint, decision, or action.

Deductive Pattern

A logical process in which a conclusion is reached by applying a general principle or rule to specific instances or cases.