As to futures contracts:
A. The maintenance margin is a predetermined fraction of initial margin
B. The initial margin is a predetermined fraction of maintenance margin
C. The maintenance margin represents the brokerage costs
D. The maintenance margin represents management fees
Answer:A
As to futures contracts:
A. The maintenance margin is a predetermined fraction of initial margin B. The initial margin is a predetermined fraction of maintenance margin C. The maintenance margin represents the brokerage costs D. The maintenance margin represents management fees