Reading 61: Futures Markets and Contracts Los b~Q1-3 account, contract, difference, recent, between

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LOS b: Determine the value of a futures contract.

Q1. The value of a futures contract between the times when the account is marked-to-market is:

A)   equal to the difference between the price of a newly issued contract and the settle price at the most recent mark-to-market period.

B)   never less than the value of a forward contract entered into on the same date.

C)   the same as the contract price.

 

Q2. The value of a futures contract:

A)   is based on the difference between the futures price at contract initiation and the current futures price.

B)   is zero after the mark-to-market period.

C)   is equal to the margin balance in the futures account after the mark-to-market period.

 

Q3. The value of a futures contract is:

A)   equal to the variation margin paid on any given day.

B)   calculated in the same manner as the value of a forward contract.

C)   zero when the account is marked to market for an account that has sufficient margin.

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