What Is the Total Settlement Value of the Open Interest

question 293

Multiple Choice

What is the total settlement value of the open interest in the May coffee futures?

• A) $59,482,988
• B) $62,506,781
• C) $63,635,063
• D) $135,971,400
• E) $138,276,000

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Definitions:

Negotiation

The process whereby two or more parties discuss and attempt to reach a mutual agreement on matters of common interest.

Forgery

The act of falsely making or altering a document with the intent to deceive or defraud.

Negotiable Instrument

A document guaranteeing the payment of a specific amount either on demand or at a set time, with the instrument being transferable between parties.

Unauthorized Signature

A signature that is made without the explicit permission of the person purportedly signing or the authority to sign on behalf of an entity.