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

question 14

Multiple Choice

On June 1,you contract to take delivery of 1 ounce of gold for $965. The agreement is good for any day up to July 1. Throughout June,the price of gold hit a low of $960 and hit a high of $990. The price settled on June 30 at $980,and on July 1^st you settle your futures agreement at that price. Your net cash flow is:

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

---

Definitions:

Click-and-Install

Refers to software applications that can be easily installed with a simple click action, typically without requiring complex setup processes.

Spyware

Software that is installed on a computer without the user's knowledge and is used to monitor internet activity or steal personal information.

Well-Known Brands

Brands that are widely recognized by the public and associated with a particular quality, image, or product type.

Deceptive Advertisement

A form of advertising that misleads or deceives consumers by misrepresenting the nature, characteristics, benefits, or true costs of products or services.