2024 Certification M3-123 Exam Infor | Exam M3-123 Cost & Infor Certified M3 Finance Consultant Reliable Test Online - Championlandzone

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  • Vendor : Infor
  • Certifications : Infor M3
  • Exam Name : Infor Certified M3 Finance Consultant
  • Exam Code : M3-123
  • Total Questions : 376 Q&As
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VCE Exam Simulator is a test engine designed specifically for certification exam preparation. It allows you to create, edit, and take practice tests in an environment very similar to an actual exam.


What is VCE Simulator?
VCE Exam Simulator is a test engine designed specifically for certification exam preparation. It allows you to create, edit, and take practice tests in an environment very similar to an actual exam.
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    NEW QUESTION: 1
    DRAG DROP


    Answer:
    Explanation:

    Explanation:

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    NEW QUESTION: 2

    A. Option C
    B. Option B
    C. Option D
    D. Option A
    E. Option E
    Answer: D

    NEW QUESTION: 3
    A fund manager buys a gold futures contract at $1000 per troy ounce, each contract being worth 100 ounces of gold. Initial margin is $5,000 per contract, and the exchange requires a maintenance margin to be maintained at $4,000 per contract. Prices fall the next day to $980. What is the margin call the fund manager faces in respect of daily variation margin ?
    A. $0
    B. $2000
    C. $7000
    D. $1000
    Answer: B
    Explanation:
    Explanation
    The loss to the fund manager is $20*100 = $2,000. The initial margin placed was $5,000. After the loss is charged to his account, the margin balance is only $3,000 ($5,000 - $2,000). The margin to be maintained is
    $5,000. Therefore the margin call is $2,000.
    Note that there would have been no margin call till the balance in the margin account had reduced to the
    'maintenance' level of $4,000. So if the price had fallen by $5, and the loss had been $500, there would have been no margin call. But when the margin call would be made, it would require the balance to be brought up to the initial margin of $5,000 (and not the maintenance margin of $4,000).


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