题目
Alan bought a futures contract on a commodity on the New York Commodity Exchange on June 1. The futures price was USD 500 per unit and the contract size was 100 units per contract. Alan set up a margin account with initial margin of USD 2,000 per contract and maintenance margin of USD 1,000 per contract. The futures price of the commodity varied as shown below. What was the balance in Alan’s margin account at end of June 5?「huixue_img/importSubject/1564169525027540992.png」
选项
A.USD -1,120
B.USD 0
C.USD 880
D.USD 1,710
答案
D
解析
「huixue_img/importSubject/1564169525098844160.png」The margin balance at the end of June is USD 1,710. There is a margin call each time the margin account drops below the maintenance margin amount of USD 1,000. Each time there is a margin call, the balance has to be brought back to the initial margin level of USD 2,000.