Multiple Choice
If the purchaser of a futures contract fails to meet a margin call,
A) his/her contract will be sold at the current market price.
B) his/her contract will automatically be executed along with immediate delivery.
C) their local broker can decide to waive the call.
D) they will be given a 30-day grace period before payment is required.
Correct Answer:
Verified
Correct Answer:
Verified
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