If You Purchase a $100,000 Interest-Rate Futures Contract for 110,and

question 76

Multiple Choice

If you purchase a $100,000 interest-rate futures contract for 110,and the price of the Treasury securities on the expiration date is 106,your ________ is ________.

• A)profit;$4000
• B)loss;$4000
• C)profit;$6000
• D)loss;$6000

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Definitions:

Slave Markets

Places where enslaved individuals were bought and sold.

Nation's Capital

Refers to the city or town that serves as the official seat of government in a country, typically housing the country's executive, legislative, and judicial branches.

Prohibition

The legal prevention of the manufacture, sale, and transportation of alcoholic beverages in the United States from 1920 to 1933 under the 18th Amendment.

Atlantic Slave Trade

The forced movement of Africans across the Atlantic to the Americas where they were sold as slaves from the 16th to the 19th century.