CFA Practice Question
Which of the following is incorrect?
A. Futures contracts are always settled for cash, not by delivery of physicals.
B. For futures, if the price limit is $4, the settlement price the previous day is $95.85, then a move in futures prices to $99.85 is a 'limit up'.
C. For futures, if the price limit is $4, the settlement price the previous day is $95.85, then a move in futures prices to $99.85 is a 'limit move'.
Explanation: Some futures contracts may be settled by delivery of physicals
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