Multiple Choice
Which of the following correctly orders the process of daily settlement?
A) clearinghouse officials establish a settlement price; each account is marked to market; accounts of those holding long/short positions are credited/debited appropriately; differences between today's settlement price and the previous days settlement price are determined
B) clearinghouse officials establish a settlement price; each account is marked to market; differences between today's settlement price and the previous day's settlement price are determined; accounts of those holding long/short positions are credited/debited appropriately
C) differences between today's settlement price and the previous day's settlement price are determined; accounts are marked to market; clearinghouse officials establish a settlement price; accounts of those holding long/short positions are credited/debited appropriately
D) clearinghouse officials establish a settlement price; differences between today's settlement price and the previous days settlement price are determined; accounts of those holding long/short positions are credited/debited appropriately; each account is marked to market
Correct Answer:
Verified
Correct Answer:
Verified
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