If the Purchaser of a Futures Contract Fails to Meet

question 76

Multiple Choice

If the purchaser of a futures contract fails to meet a margin call,

• A) his/her contract will be sold at the current market price.
• B) his/her contract will automatically be executed along with immediate delivery.
• C) their local broker can decide to waive the call.
• D) they will be given a 30-day grace period before payment is required.

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Definitions:

Camp Followers

Historically, civilians who followed armies to provide services such as cooking, nursing, and laundering, often consisting of soldiers' family members.

American Forces

American Forces refers to the combined military branches of the United States, including the Army, Navy, Air Force, Marine Corps, and Coast Guard, engaged in defense and international missions.

Launderers

Individuals or entities involved in the process of laundering money, disguising illegally obtained funds as legitimate income.

Charleston

A historic city in South Carolina, known for its well-preserved architecture, rich history, and as a major site during the Civil War.