You Purchased Two July Futures Contracts on Silver When the Price

question 184

Multiple Choice

You purchased two July futures contracts on silver when the price quote was 529.6.

Given today's prices as shown in the table, you have a total profit (loss) to date of:

• A) $804
• B) $2,804
• C) $4,020
• D) $4,804
• E) $8,040

---

Definitions:

Sabbatical

A period of paid or unpaid leave granted to an employee, especially an academic, for study or travel, traditionally every seventh year.

Multicultural Experiences

Experiences that expose individuals to cultures other than their own, potentially enhancing empathy, communication skills, and cultural understanding.

Directive Leadership

A leadership style where the leader tells team members what to do and how to do it, often with little input from them.

International Experiences

Experiences gained from engaging with cultures, business practices, and academic or work activities outside one's home country.