|
LOS c, (Part 1): Describe price limits and the process of marking to market.
Q1. Which of the following statements regarding the mark to market of a futures account is least accurate? Marking to market of a futures account:
A) is only done when the settlement price is below the maintenance price.
B) may result in a margin balance above the initial margin amount.
C) may be done more often than daily.
Q2. The practice of adjusting the margin balance in a futures account for the daily change in the futures price is called:
A) settling up.
B) a margin call.
C) marking to market.
Q3. A futures account is marked to market:
A) only when margin falls below the maintenance margin level.
B) weekly.
C) daily.
Q4. Which of the following statements best describes marking-to-market of a futures contract? At the:
A) end of the day, the gains or losses are tallied to the trader's account.
B) conclusion of each trade, the gains or losses from all previous trades in the futures contract are tallied.
C) end of the day, the maintenance margin is increased for traders who lost and decreased for traders who gained.
Q5. In commodity trading, the exchange removes any daily losses from a trader’s account and adds any gains to the trader’s account. This process is known as:
A) initial margin.
B) marking to market.
C) variation margin.
| 
发表于 2009-3-2 10:12
| 
