You Own Three September Futures Contracts on Silver

question 220

Multiple Choice

You own three September futures contracts on silver. What is the total value of your position as of the end of this day's trading?
Silver - 5,000 troy oz.; $ per troy oz.

• A) $156,420
• B) $157,020
• C) $157,665
• D) $157,935
• E) $158,355

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Definitions:

Misuses

The incorrect, improper, or unethical use of something.

Rewards

Positive reinforcements or incentives given to encourage a particular behavior or achievement.

Behavior

The actions or reactions of an organism, often in response to external stimuli, observable through various means.

Pavlovian Approach

A learning process that involves creating an association between a naturally occurring stimulus and a previously neutral stimulus.