Multiple Choice
The typical sequence of cash flows in a futures contract is:
A) purchase price plus a margin account up-front, differences are settled at expiration.
B) margin account up-front, differences are posted daily and settled in cash if margin drops too low.
C) margin account up-front, all differences settled at expiration.
D) all funds are paid at expiration of the contract.
Correct Answer:

Verified
Correct Answer:
Verified
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