If a Futures Contract for U

question 70

Multiple Choice

If a futures contract for U.S. Treasury bonds increases by "12" in the financial page listings, the value of the contract increased by:

• A) $120.00.
• B) $1,200.00.
• C) $375.00.
• D) $240.00.

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Definitions:

Aristocracy

Aristocracy refers to a form of government in which power is held by the nobility, a privileged class that possesses hereditary titles or ranks, and often has wealth, social status, and political influence.

Wealthy Americans

Individuals or families in the United States possessing a significant amount of financial assets or income.

Feudal Order

A social and economic system prevailing in medieval Europe, characterized by a hierarchy of lords, vassals, and serfs, structured around the control of land.

1880s

A decade during the late 19th century noted for its significant industrial, cultural, and social changes worldwide.