|
LOS b, (Part 1): Differentiate between margin in the securities markets and margin in the futures markets.
Q1. Which of the following statements regarding margin in futures accounts is FALSE?
A) With futures margin, there is no loan of funds.
B) Margin is usually 10% of the contract value for futures contracts.
C) Margin must be deposited before a trade can be made.
Q2. A similarity of margin accounts for both equities and futures is that for both:
A) interest is charged on the margin loan balance.
B) additional payment is required if margin falls below the maintenance margin.
C) the value of the security is the collateral for the loan.
Q3. Initial margin deposits for futures accounts are:
A) based on price volatility.
B) set by the Federal Reserve for U.S. markets.
C) typically 50% of the purchase price.
Q4. The clearinghouse in a futures contract performs all but which of the following roles? The clearinghouse:
A) allows traders to reverse their position without having to contact the other side of the position.
B) guarantees the physical delivery of the underlying asset to the buyer of futures contracts.
C) guarantees traders against default from another party.
| 
发表于 2009-3-2 10:08
| 
