If a Futures Contract for U

question 8

Multiple Choice

If a futures contract for U.S. Treasury bonds decreases by "17" in the financial page listings, the price of the contract decreased by:

• A) $531.25.
• B) $170.00.
• C) $340.00.
• D) $1700.00.

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Definitions:

Utilitarian Justice

A principle in ethics and economics that a decision should be made so as to maximize overall happiness and reduce suffering among all people affected by the decision.

John Stuart Mill

A British philosopher and economist, known for his contributions to liberalism, utilitarianism, and political economy.

Income Redistribution

The policy or practice of adjusting the distribution of income in a society to achieve social or economic objectives.

Ideal Distribution

A theoretical distribution model that optimally allocates resources or products to meet demand efficiently.