A Wheat Futures Contract Is Quoted in Cents Per Bushel

question 47

Multiple Choice

A wheat futures contract is quoted in cents per bushel with a contract unit of 5,000 bushels. If the contract is quoted at a settle price of 529, then the value of one wheat futures contract is

• A) $2,645.
• B) $26,450.
• C) $529.
• D) $9,451.80.

---

Definitions:

Demand Season

A time period characterized by a significant increase in the demand for certain products or services.

Personnel Needs

Requirements related to the staffing and human resources necessary to carry out the functions and operations of an organization.

Scenario Planning

A strategic planning method used to make flexible long-term plans based on possible future events.