If You Buy a Futures Contract on the S&P 500

question 51

Multiple Choice

If you buy a futures contract on the S&P 500 Index at a price of 450 and the index rises to 500,you will ________.

• A) lose $12,500
• B) gain $12,500
• C) lose $50
• D) gain $50

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Definitions:

Complex Reflex Action

A motor reflex that involves multiple interneurons in addition to the primary sensory and motor neuron, allowing for a more sophisticated response to a stimulus.

Sensory Impulse

An electrical signal that is generated in response to external stimuli and transmitted through the nervous system.

Spinal Cord

A long, thin, tubular bundle of nervous tissue and support cells that extends from the brain down the back, part of the central nervous system.

Tourette Syndrome

A disorder affecting the nervous system, marked by uncontrollable vocal sounds and repeated movements, known as tics.