If You Sold an S&P 500 Index Futures Contract at a Price

question 2

Multiple Choice

If you sold an S&P 500 Index futures contract at a price of 950 and closed your position when the index futures was 947, you incurred

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

---

Definitions:

Racially Integrated

A society or group in which people of different races coexist without segregation.

Blue-Collar

Describes jobs or workers involved in manual labor, often in industries like manufacturing, construction, and maintenance.

Income Equality

The extent to which income is distributed in an equitable manner among a population, often measured to assess socio-economic health.

World War II

The global military conflict from 1939 to 1945 involving most of the world's nations, including all of the great powers.