Q16
The marking to market in respect of a currency future refers to
A.
Putting up for sale specific lot of futures
B.
Adjusting the margin money of buyer and seller to reflect the current value of futures
AnswerC.
Quoting rates for different maturities
D.
Allotting futures among different brokers
Answer: Option B
Solution
Answer: Option B
Solution:
The marking to market in respect of a currency future refers to adjusting the margin money of buyer and seller to reflect the current value of futures. Currency futures are a exchange-traded futures contract that specify the price in one currency at which another currency can be bought or sold at a future date.