[单项选择]The settlement price for a futures contract is:（　）
A. an average of the trade prices during the ’ closing period’ 
B. the price of the last trade of a futures contract at the end of the trading day. 
C. the price at which all trades over a certain period are executed.

[单项选择]The clearinghouse in a futures contract performs all but which of the following roles The clearinghouse :（　）
A. allows traders to reverse their position without having to contact the other side of the position. 
B. guarantees the physical delivery of the underlying asset to the buyer of futures contracts. 
C. splits each trade and acts as a buyer to futures sellers and as a seller to futures buyers.

[单项选择]A silver futures contract requires the seller to deliver 5000 Troy ounces of silver. An investor sells one July silver futures contract at a price of $8 per ounce, posting a $2025 initial margin. If the required maintenance margin is $1500, the price per ounce at which the investor would first receive a maintenance margin call is closest to:

[单项选择]Sue Wilkins buys one corn futures contract at $3.00 per bushel (one contract is for 5000 bushels). The initial margin requirement is 10 percent of the total contract purchase price, and the maintenance margin level is 65 percent. What is the amount of the per bushel price decline that will require a maintenance margin call to Wilkins

[单项选择]The price of crude oil futures in New York ______.
A. dropped by 6%
B. dropped by 42 dollars
C. rose by 60%
D. rose .by 42 dollars

[简答题]sales contract

[简答题]contract carrier

[填空题]
Contract law is (31) great importance in business and in everyday life. Even though most of us are unaware of it, we enter into a (32) number of binding contracts every day. Ordinary business transactions such as buying a pack of gum at the corner grocery store, purchasing a ticket at a movie theater, or ordering a meal at a restaurant all involve valid contracts that pro vide the concerned parties (33) certain rights and duties.
A contract is a legally enforceable promise between two or more people. (34) all con tracts contain enforceable promises, not all promises between people result in contracts. There are many promises made (35) people that the courts will not enforce.
For example: Tom invites Lily to dinner and Lily (36) Tom is looking (37) to the date and can think of little else all day long. A half hour before Tom was to pick her up, Li

[单项选择]The （） contract is a contract between a party who agrees to accept the risk and a party seeking protection from the risk.
A. payment
B. production
C. shipment
D. insurance