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FRM Part I — Foundations of Risk Management

95 practice questions with detailed explanations

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Question 1 of 95MediumFinancial Markets & Products

Hartwell Trading holds a long position in 200 crude oil futures contracts (1,000 barrels each) at 72.50perbarrel.Theinitialmarginis72.50 per barrel. The initial margin is 6,500 per contract and the maintenance margin is 5,000percontract.Attheendofthetradingday,crudeoilsettlesat5,000 per contract. At the end of the trading day, crude oil settles at 71.20. What is the margin call amount, if any?

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FRM Part I — Foundations of Risk Management — Practice Questions (95+ Questions) | AcadiFi | AcadiFi