2008 CFA Level 1 － Sample 样题(1)－Q48 class, black, style

8586

48、Do "margin" in the stock market and "margin" in the futures market, respectively, mean that an investor has received a loan that reduces the amount of his own money required to complete the transaction?

	"Margin" in the stock market	"Margin" in the futures market
A.	No	No
B.	No	Yes
C.	Yes	No
D.	Yes	Yes

A. Answer A

B. Answer B

C. Answer C

D. Answer D

      

[此贴子已经被作者于2008-11-7 15:19:09编辑过]

8586

Correct answer = C

"Futures Markets and Contracts," Don M. Chance
2008 Modular Level I, Vol. 6, pp. 55-58
Study Session 17-72-b
differentiate between margin in the securities markets and margin in the futures markets, and define initial margin, maintenance margin, variation margin, and settlement price
Margin in the stock market involves a loan used to buy securities, whereas margin in the futures market is a down payment or a performance bond. 

 

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