S&P 500 INDEX (CME); $500 Times Index May 12, 2007

question 18

Multiple Choice

S&P 500 INDEX (CME) ; $500 times index May 12, 2007 Suppose you are interested in purchasing a December S&P 500 index futures contract. What is the value of the contract on the day quoted?

• A) $420,675
• B) $423,675
• C) $424,950
• D) $425,500
• E) $429,675

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Definitions:

ADH

Antidiuretic hormone, a chemical produced by the brain that regulates water balance in the body.

Water Reabsorption

Water reabsorption is the process by which the kidneys recover water from urine, making it more concentrated, to maintain body fluid balance.

Diabetes Insipidus

A rare condition where the body cannot regulate fluids properly, leading to intense thirst and heavy urination.

Subfornical Organ

A small organ located in the brain that is involved in regulating bodily fluids and certain behaviors.