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:

Differentiated

A state in which cells have developed specialized functions and characteristics, differing from their originating stem cells.

Amnion

A thin, protective membrane that surrounds the embryo or fetus in the amniotic sac, containing the amniotic fluid.

Embryonic Membrane

Membranes such as the amnion and chorion that develop during embryogenesis to protect and nourish the embryo.

Watery Sac

A fluid-filled bladder or cyst that can form in various parts of the body, often benign.