alleryStart learning →A trader holds 200 long futures units and the futures price falls from 100 to 97. The daily marking to market is:
AReceive 600
BReceive 3
CPay 3
DPay 600
Answer & Solution
Correct answer: D. Pay 600
A long position loses when price falls: 3 x 200 = 600 is paid from the margin account.
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