You Purchased a Futures Contract on Oats at a Futures

question 39

Multiple Choice

You purchased a futures contract on oats at a futures price of 233.75, and at the time of expiration, the price was 261.25. What was your profit or loss?

• A) $1375.00
• B) −$1375.00
• C) −$27.50
• D) $27.50

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Definitions:

Exaggeration

A statement that represents something as better or worse than it really is.

Expressive Language

Language that communicates feelings and attitudes.

Emotional States

The internal conditions that reflect feelings such as happiness, anger, sadness, etc.

Hearers

Individuals who listen to someone speaking or presenting information.