If a Futures Contract for U

question 89

Multiple Choice

If a futures contract for U.S. Treasury bonds increases by "15" in the financial page listings, the value of the contract increased by

• A)$15.00.
• B)$468.75.
• C)$2133.33.
• D)$15,000.00.

---

Definitions:

Fraction

A mathematical concept where a number is represented as a part of a whole, expressed as a numerator divided by a denominator.

Roman Numeral

A system of numerical notation that uses the letters I, V, X, L, C, D, and M to represent numbers.

Exponent

A mathematical notation indicating the number of times a number (the base) is multiplied by itself.

Base

A substance that accepts protons from acids according to the Brønsted-Lowry acid-base theory, or a substance that donates a pair of valence electrons to form a bond according to the Lewis definition.