The Futures Price for the S&P 500 Is 2000 and the Multiple

question 22

Multiple Choice

The futures price for the S&P 500 is 2000 and the multiple is $100. What is the dollar value of the stock index futures contract?

• A) $200
• B) $20,000
• C) $120,000
• D) None of these

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Definitions:

Omission

The act of leaving out or excluding something, either intentionally or unintentionally.

Imprecision

The state of being vague, not exact, or unclear, often leading to errors, misunderstandings or a lack of exactness.

Meetings

Formal or informal gatherings of individuals or groups to discuss topics of mutual interest, make decisions, or exchange information.

Social Decision Schemes

The method by which groups integrate individual opinions or judgments to reach a collective decision.