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Yesterday,you Entered into a Futures Contract to Buy €62,500 at $1.50

Question 71

Multiple Choice

Yesterday,you entered into a futures contract to buy €62,500 at $1.50 per €.Suppose the futures price closes today at $1.46.How much have you made/lost?


A) Depends on your margin balance.
B) You have made $2,500.00.
C) You have lost $2,500.00.
D) You have neither made nor lost money,yet.

Correct Answer:

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