S&P 500 INDEX (CME); $500 Times Index May 12, 2007

question 219

Multiple Choice

S&P 500 INDEX (CME) ; $500 times index May 12, 2007 Suppose that yesterday you purchased one December futures contract at the settle price. At the close of business today, how much is your contract worth? (Ignore margin considerations.)

• A) $5,875 less than yesterday
• B) $11.7 less than yesterday
• C) $11.7 more than yesterday
• D) $5,850 more than yesterday
• E) $5,875 more than yesterday

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Definitions:

Intrinsic Motivation

The drive to engage in an activity for its own sake and personal rewards, rather than for some separate consequence.

Milgram's Experiment

An experiment focusing on the conflict between obedience to authority and personal conscience.

Representative Sample

A subset of a population carefully chosen to accurately reflect the characteristics of the larger group, ensuring that the results of a study can be generalized.

Descriptive Statistics

Statistical methods used to summarize, show, and analyze data sets to describe their main features often through graphs, tables, and numerical summaries.