Multiple Choice
Assume that the British pound futures price for September is $1.60. Given that 62,500 units are in a British pound futures contract, the seller of British pound futures will receive $____ on the delivery date.
A) 39,062.50
B) 100,000.00
C) 48,000.00
D) 87,062.50
Correct Answer:
Verified
Correct Answer:
Verified
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