题目内容

Which of the following is true about a long forward contract( )

A. The contract becomes more valuable as the price of the asset declines
B. The contract becomes more valuable as the price of the asset rises
C. The contract is worth zero if the price of the asset declines after the contract has been entered into
D. The contract is worth zero if the price of the asset rises after the contract has been entered into

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An investor sells a futures contract an asset when the futures price is $1,500. Each contract is on 100 units of the asset. The contract is closed out when the futures price is $1,540. Which of the following is true( )

A. The investor has made a gain of $4,000
B. The investor has made a loss of $4,000
C. The investor has made a gain of $2,000
D. The investor has made a loss of $2,000

Which of the following describes European options? ( )

A. Sold in Europe
B. Priced in Euros
C. Exercisable only at maturity
D. Calls (there are no European puts)

Who initiates delivery in a corn futures contract ( )

A. The party with the long position
B. The party with the short position
C. Either party
D. The exchange

You sell one December futures contracts when the futures price is $1,010 per unit. Each contract is on 100 units and the initial margin per contract that you provide is $2,000. The maintenance margin per contract is $1,500. During the next day the futures price rises to $1,012 per unit. What is the balance of your margin account at the end of the day? ( )

A. $1,800
B. $3,300
C. $2,200
D. $3,700

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