A Trader Enters into a Long Position in One Eurodollar

question 3

Multiple Choice

A trader enters into a long position in one Eurodollar futures contract. How much does the trader gain when the futures price quote increases by 6 basis points?

• A) $6
• B) $150?C. $60
• C) $60
• D) $600

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Definitions:

External Rotation

A movement or exercise where a limb or part of the body is rotated away from the center of the body, often used in physical therapy and fitness.

Abduction

Movement away from the body.

Ice Pack

A portable bag filled with ice or refrigerant gel used to reduce swelling, relieve pain, or decrease inflammation by applying cold temperatures to affected areas.

Swelling

An enlargement of a body part caused by an accumulation of fluid or inflammation in tissues.