The charge paid by a speculator for non-settlement of his account within the specified period is
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Correct Answer: Option D
Explanation:
Contango is the charge paid when a speculator postpones the settlement of a transaction beyond the normal settlement period. It allows the speculator to carry the transaction forward to a later settlement date.
Contango is the charge paid when a speculator postpones the settlement of a transaction beyond the normal settlement period. It allows the speculator to carry the transaction forward to a later settlement date.