Assume That the British Pound (£) Futures Price for September

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
C) 48,000
D) 87,062.50