Crypto Trading Binance Futures - Practice Test Geeks

Which of the following can a user do if he or she has open orders or positions?

Change to isolated margin mode or cross margin mode

Utilize the cross collateral function to borrow.

Change to the one-way or hedge modes

Correct! Wrong!

Each order has a maximum size allowed. Which kind of action would you take if you saw this kind of error message?

Continue to try and expect a likelihood of success after many attempts.

Make numerous smaller orders from the larger one.

Continue to try this and blame Binance for your failure.

Correct! Wrong!

What reference price does Binance Futures use to decide whether to liquidate a position?

Last Price

Mark Price

Price average over the previous hour

Correct! Wrong!

Which coin can be used as a margin for a futures contract with a coin margin?

The foundational resource of this future or illustration. When trading BTCUSD futures, I am able to use Bitcoin as margin.

A coined-margined futures wallet contains all of the coins.

Each and every currency in the USDT-margined wallet

Correct! Wrong!

Are you aware that following the liquidation of a futures contract. besides the loss of the position, there will also be an Insurance Clear Fee, which can make your futures wallet balance zero?

Yes, I am aware of the dangers that could result in the balance dropping to zero as well as the presence, computations, and Insurance Clear Fee.

No, I'm not sure how the liquidation may make the futures wallet balance zero again.

No, I'm not aware of how the insurance clear fee is calculated.

Correct! Wrong!

Which of the following is not advised during a sudden price change?

Reduce the leverage to prevent liquidation

Utilize market order to enter or exit

For Stop Limit orders, use Mark Price as the trigger price.

Correct! Wrong!

Which of the following statements regarding stop-limit orders is accurate?

After it is placed, the limit order will absolutely be filled.

Once placed, the limit order will never be filled.

Once the price reaches the trigger price, the order will be placed at that price. however, the limit order might not always be filled because the most recent market price might differ from the limit price.

Correct! Wrong!