The dollar amount upon which a contract is valued is referred to as:
A) settlement price
B) initial margin
C) strike price
D) notional amount

Question

Quizplus · Accepted Answer

The notional amount is the dollar amount upon which a contract is based, often used in the calculation of payments or commissions. The settlement price is the final price at which a futures contract is settled, the initial margin is the amount of money required to open a futures contract, and the strike price is the price at which an option contract can be exercised.

The Dollar Amount Upon Which a Contract Is Valued Is