Assume you have an oil future with margin requirement of 2000$ per contract for 3000...

60.1K

Verified Solution

Question

Accounting

  1. Assume you have an oil future with margin requirement of 2000$ per contract for 3000 barrels of oil. If you are a buyer of the contract how much the Oil price needs to drop by so that you will have 1000$ in your account?

    33 cents

    36 cents

    30 cents

    38 cents

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students