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You Own One Futures Contract on Gold That You Purchased

question 3

Multiple Choice

You own one futures contract on gold that you purchased at a quoted price of 1,448.5. The current price quote is 1,405.5. 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?

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Definitions:

Schizophrenia

A complex mental health disorder characterized by disordered thoughts, perceptions, emotions, and behaviors, affecting a person's ability to interpret reality.

Bipolar Disorders

A disorder in mental health, identified by significant shifts in mood, spanning from manic or hypomanic highs to depressive lows.

Pancultural

Pertaining to features or elements that are common across all cultures.

Automatism

Involuntary or unconscious actions or behaviors without conscious control or intention.

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