Suppose You Agree to Purchase One-Ounce of Gold for £382

question 15

Multiple Choice

Suppose you agree to purchase one-ounce of gold for £382 any time over the next month.The current price of gold is £380.The spot price of gold then falls to £377 the next day.If the agreement
Is represented by a futures contract marking to market on a daily basis as the price changes, what is
Your cash flow at the end of the business on the next day?

• A)£ 0
• B)£ 3
• C)£ 5
• D)£-3
• E)£-5

---

Definitions:

Lookup List

A feature in database and spreadsheet software that provides a predefined list of values for a field, helping to ensure data consistency and accuracy.

Table Design View

A database feature that provides a detailed view of a table's structure, including fields, data types, and relationships.

Row Source

Specifies the source of data for a control in a form or report in a database, such as a table or query.

Allow Multiple Values Property

In databases or software applications, a setting that enables users to select or input more than one value in a field or property.