On March 1,you Contract to Take Delivery of 1 Ounce

question 35

Multiple Choice

On March 1,you contract to take delivery of 1 ounce of gold for $415. The agreement is good for any day up to April 1. Throughout March,the price of gold hit a low of $385 and hit a high of $435. The price settled on March 31 at $420,and on April 1^st you settle your futures agreement at that price. Your net cash flow is:

• A) -$30.
• B) -$20.
• C) -$15.
• D) $5.
• E) $20.

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Definitions:

Taste

One of the five senses that perceives flavor or substances, primarily through sensory organs in the tongue.

Smell

The sense by which individuals perceive odors or scents, mediated by specialized sensory cells in the nasal cavity.

Olfactory Bulb

A brain structure involved in the sense of smell, processing odors and sending information to other brain regions.

Smell Information

Pertains to the data regarding odors that is processed by the olfactory system.