The Value of an S&P 500 Futures Contract Is $250

question 28

Multiple Choice

The value of an S&P 500 futures contract is $250 times the index. Assume the futures price on the S&P 500 index is 2400 at the time of purchase. If the index price is 2560 when the position is closed out, the gain is

• A)$40,000.
• B)$20,000.
• C)$33,190.
• D)$25,000.
• E)$35,500.

---

Definitions:

Advertising Firms

Businesses specialized in creating, planning, and managing advertising campaigns for their clients, often providing additional services like market research and brand consulting.

Consumer Purchasing Pattern

Refers to the behavior and habits of consumers in acquiring goods and services, including the types of products they buy, the frequency of purchases, and the influences on their buying decisions.

Hierarchy of Effects

A model describing the stages a consumer goes through, from awareness to knowledge, liking, preference, conviction, and finally purchase.

Purchase Decision Continuum

The range of processes and factors that influence a consumer's decision from the moment of realization of a need to the actual purchase.