Can futures be exchanged for physical objects on the contract when they expire? If yes, what is the price of the physical object? Is this the price stipulated in the contract?

Of course, you can exchange it, but when you do futures, you only pay less than 20% margin. The price is based on your admission fee If you want to deliver goods, you must pay all the money.

How do you feel that the more you explain, the more chaotic it is. . Hmm. How interesting

I suggest you buy two books to read. Basic knowledge of futures and futures laws and regulations won't waste you too much money. You won't ask such a question after reading it.

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