You Own Three September Futures Contracts on Silver

question 12

Multiple Choice

You own three September futures contracts on silver. What is the total value of your position as of the end of this day's trading?

Silver - 5,000 troy oz.; $ per troy oz.

• A) $156,420
• B) $157,020
• C) $157,665
• D) $157,935
• E) $158,355

---

Definitions:

Initiates Contact

The act of making the first move to establish communication or interaction, often a crucial step in sales, networking, or dispute resolution.

Military Public Affairs Officers

Dedicated professionals in the military responsible for managing communication between the military, the media, and the public.

Public Information Officers

Government or organization officials responsible for communicating information to the public and handling inquiries from the media and other organizations.

Duty-Bound

Feeling morally or legally obligated to act according to a particular set of rules or standards.