You Purchased Three September Futures Contracts on Silver When the Price

question 79

Multiple Choice

You purchased three September futures contracts on silver when the price quote was 10.472. Given today's prices as shown in the table, you have a total profit (loss) to date of:

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

• A) -$855.
• B) -$585.
• C) $585.
• D) $675.
• E) $855.

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Definitions:

Pavlovian Preconditioning

A process in classical conditioning where a neutral stimulus is presented just before a conditioned stimulus, often enhancing the learning of the conditioned response.

Sick

Sick refers to a state of not being healthy, experiencing illness, disease, or discomfort, affecting an organism's normal functioning.

Ritualistic Behaviors

Repetitive actions often performed with a symbolic meaning or to fulfill a psychological or cultural need.

Superstitious

A belief or behavior that is based on a false conception of cause and effect, particularly in attributing outcomes to non-related actions.