On April 1, You Sold One S&P 500 Index Futures

question 60

Multiple Choice

On April 1, you sold one S&P 500 Index futures contract at a futures price of 1,550.If on June 15 the futures price were 1,612, what would be your profit (loss) if you closed your position (without considering transactions costs)

• A)$1,550 loss
• B)$15,550 loss
• C)$15,550 profit
• D)$1,550 profit

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Definitions:

White Settlers

Individuals of European descent who settled in lands outside Europe, often displacing indigenous populations, during periods of exploration and colonial expansion.

Indian Tribes

Indigenous peoples of the Americas, organized into societies or communities sharing common territories, customs, and cultural traits.

Peace Policy

An approach by governments or organizations towards achieving peace and resolving conflicts through diplomacy, negotiation, and nonviolent means.

Gold Standard

Policy at various points in American history by which the value of a dollar is set at a fixed price in terms of gold (in the post–World War II era, for example, $35 per ounce of gold).