Use the Table for the Question(s)below

question 5

Multiple Choice

Use the table for the question(s) below.

-Suppose oil futures prices are as given in the above table (price per barrel) .Suppose you sell 100 crude oil futures contracts,each for 1000 barrels of crude oil,at the current futures price of $108 per barrel on day 0.What is your cumulative profit/loss in your margin account by the end of day 5?

• A)-$300,000
• B)$300,000
• C)$400,000
• D)-$400,000
• E)$0

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Definitions:

Good Events

Occurrences that have a favorable outcome or bring happiness, well-being, or satisfaction.

Longitudinal Evidence

Data gathered from the same subjects repeatedly over a period of time to observe changes and developments, providing insight into effects and patterns that emerge over the long term.

Pessimist

An individual who tends to see the worst aspect of things or believe that the worst will happen; a lack of hope or confidence in the future.

Thwarted Need

A desire or requirement that has been prevented from being achieved or satisfied.