If You Purchased One S&P 500 Index Futures Contract at a Price

question 16

Multiple Choice

If you purchased one S&P 500 Index futures contract at a price of 1,550 and closed your position when the index futures was 1,547, you incurred

• A)a loss of $1,500.
• B)a gain of $1,500.
• C)a loss of $750.
• D)a gain of $750.

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Definitions:

Erving Goffman

A sociologist known for his work on symbolic interactionism and the study of everyday life interactions, dramaturgy, and social identity.

Agency

The ability of the individual to act freely and independently.

Free Will

The ability of individuals to make choices that are not determined by prior causes or by divine intervention.

Stereotyping

Judging others based on preconceived generalizations about groups or categories of people.