You Purchased a Futures Contract on Corn at a Futures

question 49

Multiple Choice

You purchased a futures contract on corn at a futures price of 350, and at the time of expiration, the price was 352. What was your profit or loss?

• A) $2.00
• B) −$2.00
• C) $100
• D) −$100

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Definitions:

Openness to Experience

A personality trait characterized by an appreciation for art, emotion, adventure, unusual ideas, imagination, curiosity, and variety of experience.

Conscientiousness

A personality trait characterized by diligence, carefulness, and a high level of organization and responsibility.

Emotional Stability

A personality trait signifying the consistency of an individual's mood and temperament; opposite of high neuroticism.

Agreeableness

A personality trait characterized by kindness, warmth, cooperation, and a tendency to avoid conflict.