Suppose the Standard Size of a Copper Futures Contract Is

question 7

Multiple Choice

Suppose the standard size of a copper futures contract is 25,000 pounds each. At initiation of a futures contract, the futures price is $22.50 per pound. At expiration of the futures contract, the copper price is $19.50 per pound. Which of the following is true?

• A) The short profits by $3 per pound.
• B) The long profits by $3 per pound.
• C) Demand for copper has risen relative to its supply.
• D) Undetermined

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The process by which individuals identify and align themselves with particular groups or categories based on shared characteristics or beliefs.

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A theoretical and methodological approach within sociology and science and technology studies that emphasizes the agency of both human and non-human entities in the creation of social phenomena.

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