You Own Four November Crude Oil Futures Contracts A)$356,200
B)$363,600
C)$416,400
D)$445,500
E)$495,600

question 23

Multiple Choice

You own four November crude oil futures contracts. What is the settlement value of those contracts at the end day?
$$\begin{array}{l}\begin{array} { l l c c c } \text { Contract } & \text { Open } & \text { High } & \text { Low } & \text { Close } \\\text { Nov, crude ail, 1, gad } & 123.01 & 124.3 & 122.93 & 123.90\end{array}\\\text { bbls. \$ and cents/bbl }\end{array}$$

• A)$356,200
• B)$363,600
• C)$416,400
• D)$445,500
• E)$495,600

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Definitions:

Common Fate

A principle in Gestalt psychology stating that elements moving in the same direction are perceived as more related than elements moving in different directions or stationary.

Good Continuation

Good continuation is a principle in Gestalt psychology that describes the tendency for the human visual system to perceive connected lines and patterns as continuing in a smooth, uninterrupted direction.

Proximity

The principle suggesting that objects that are physically close to each other tend to be perceived as belonging together.