If You Purchase a $100,000 Interest-Rate Futures Contract for 105,and

question 84

Multiple Choice

If you purchase a $100,000 interest-rate futures contract for 105,and the price of the Treasury securities on the expiration date is 108,your ________ is ________.

• A)profit;$3000
• B)loss;$3000
• C)profit;$8000
• D)loss;$8000

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Definitions:

Free Exercise Clause

A provision in the First Amendment of the U.S. Constitution that prohibits the government from interfering with individuals' right to practice their religion freely.

Establishment Clause

An element of the First Amendment of the U.S. Constitution ensuring the government cannot create an official religion or show undue preference for one religion over another.

Public Figure

An individual with public prominence or significant public recognition, subject to less privacy protection and more freedom of press scrutiny under law.

Libel

A written defamation or false statement that damages someone's reputation, as opposed to slander, which is spoken defamation.