If You Sold S&P 500 Index Futures Contract at a Price

question 50

Multiple Choice

If you sold S&P 500 Index futures contract at a price of 950 and closed your position when the index futures was 947, you incurred:

• A)a loss of $1,500.
• B)a gain of $1,500.
• C)a loss of $750.
• D)a gain of $750.
• E)None of the options

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Definitions:

Collectivist Culture

A social framework in which individuals prioritize the needs and goals of the group over their own personal desires or ambitions.

Power Distance

A cultural dimension that describes the extent to which less powerful members of society accept and expect power to be distributed unequally.

Polychronic Cultures

Cultures that manage multiple tasks simultaneously and view time as more fluid and less structured.

French Nationals

Citizens of France, either by birth or naturalization.