问题
单项选择题
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.
答案
参考答案：A
解析：
The margin adjustments are made based on the settlement price, which is calculated as the average trade price over a specific closing period at the end of the trading day. The length of the closing period is set by the exchange.