The CMFAS M8A examination comprises of 50 questions, time given is 1 hour and the passing mark is 70%.

$19.90
4 Aug 2025
CMFAS M8A Exam Question:
Which of the following statements regarding futures contracts is false?
a) They are standardised contracts traded on exchanges.
b) They are subject to margin requirements.
c) Mark-to-market occurs on a daily basis.
d) Settlement of gains or losses only occurs on delivery date.
The CMFAS M8A examination comprises of 50 questions, time given is 1 hour and the passing mark is 70%.

4 Aug 2025
CMFAS M8A Exam Question:
When the futures price is lower than the spot price, the situation is known as:
a) Contango
b) Backwardation
c) Basis
d) Variation