Suppose You Eat Five Cookies, Each of Which Contains 100

question 20

Multiple Choice

Suppose you eat five cookies, each of which contains 100 calories. If the same amount of energy in the cookies was used to heat 50,000 g of water, the temperature of the water would increase by

• A) 0.1°C.
• B) 1.0°C.
• C) 10°C.
• D) 100°C.

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Definitions:

Settlement Price

The official price at the close of a trading session on a futures exchange, used for determining margin requirements and the next day's price limits.

Future Contract

A legal agreement to buy or sell a particular commodity or asset at a predetermined price at a specific time in the future, reiterating the concept of futures contracts with a focus on its nature as a legal agreement.

Spot Price

The current market price at which a particular asset can be bought or sold for immediate delivery.

Oil

A natural resource used as a primary energy source and raw material in various industries, whose market dynamics significantly influence global economics.