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:

Cohen and Colleagues

Generally refers to a group of researchers or academics led by or associated with a person named Cohen, without specific context the exact reference is unclear.

Unrealistic Optimism

Awareness that certain health-related behaviors are dangerous but erroneously viewing those dangers as risks for others rather than oneself.

Lung Cancer

A type of cancer that originates in the lungs, often associated with smoking and environmental factors.

Pessimistic Explanatory Style

A cognitive approach where individuals habitually attribute negative events to permanent, personal, and pervasive causes.