A Trader Sells a Gold Futures Contract at A$450

question 21

Multiple Choice

A trader sells a gold futures contract at A$450.00/oz and then closes it out at A$480.00/oz.Each contract is for 10,000 ounces of gold.What has been the change in the trader's position in the futures contract?

• A)Gain of $300,000.00
• B)Loss of $300,000.00
• C)Gain of $30.00
• D)Loss of $30.00

---

Definitions:

Customer Complaints

Expressions of dissatisfaction or issues raised by customers regarding a company's products, services, or operations, prompting a need for resolution.

Positive Attitude

A mindset that focuses on the good aspects of any situation and expects positive outcomes, influencing one’s behavior and interactions.

Human Skills

Abilities that enable individuals to work well with others, such as communication, empathy, and leadership.

Nonmanagerial Employees

Workers within an organization who do not have supervisory roles or responsibilities.