If You Sold a Wheat Futures Contract for $3

question 24

Multiple Choice

If you sold a wheat futures contract for $3.75 per bushel and the contract ended at $3.60, what is your profit per bushel? (Ignore transaction costs.)

• A)−$3.60
• B)$0.15
• C)$3.60
• D)−$0.15

---

Definitions:

Cultural Background

The background of a person or group defined by their ethnicity, religion, language, and other factors that contribute to their culture.

Attitudes

Psychological tendencies expressed by evaluating a particular entity with some degree of favor or disfavor.

Health

The state of complete physical, mental, and social well-being, not merely the absence of disease or infirmity.

Maslow's Hierarchy

A theory in psychology proposed by Abraham Maslow that organizes human needs into a hierarchical structure, with basic needs at the bottom and self-actualization at the top.