You Own One Futures Contract on Gold That You Purchased

question 91

Multiple Choice

You own one futures contract on gold that you purchased at a quoted price of 1,402.0. The current price quote is 1,500.2. The contract size is 100 ounces and the quotes are expressed in dollars and cents per ounce. What is your current profit or loss on this investment?

• A)$160.30
• B)$1,912.00
• C)$9,820.00
• D)$16,030.00
• E)$19,120.00

---

Definitions:

Impersonal Audience

A broad, undifferentiated group of people to whom communication is directed, without a personal connection or identification.

Information

Data that has been processed or presented in a format that is understandable and useful to the recipient.

Interacting

The act of communicating or engaging in action with others, often leading to an exchange of information or influence.

Media

Communication channels through which news, entertainment, education, data, or promotional messages are disseminated.