What Is the Difference in the Value of One November

question 64

Multiple Choice

What is the difference in the value of one November heating oil contract between this day's opening and closing prices?
$\begin{array}{llll}\text { Contact } & \text { Open } & \text {High} & \text { Low}& \text { Close}\\\text { Nov, Heating oil, 42,000 gal, \$ }&3.6703& 3.7489 &3.6652& 3.7342& \\\text { and cents/gal}\\\text {Nov, Crude oil, 1,000 bbls, \$ and }&\text {122.71} &124.50 &122.70 &124.40 \\\text { cents/bbl}\end{array}$

• A)$6.39
• B)$24.948
• C)$2,494.80
• D)$2,683.80
• E)$5,940.00

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Definitions:

Government Subsidies

Financial support from a government to individuals, organizations, or industries, aimed at promoting economic activities, reducing costs, or supporting public interest goals.

International Aid

Financial or material assistance provided by countries or international organizations to support development or relief efforts in other countries.

Relative Worth

refers to the value or importance of something in comparison to other things, often in contexts of evaluating contributions or rewards.

Development Aid

Financial aid given by governments and other agencies to support the economic, environmental, social, and political development of developing countries.