You Sold a Futures Contract on Corn at a Futures

question 51

Multiple Choice

You sold a futures contract on corn at a futures price of 350, and at the time of expiration, the price was 352. What was your profit or loss?

• A) $2.00
• B) −$2.00
• C) $100
• D) −$100

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Definitions:

System

A group of related parts that work together to achieve a goal or accomplish a task, in mathematics, often referring to a set of equations.

Graph

A visual representation of data or mathematical functions, typically plotted with an x-axis and y-axis to display relationships.

Assembly Center

A facility or area designated for the assembly of products or components, often part of a manufacturing or distribution process.

Production Levels

The quantity of goods or services that a company can produce within a specified period of time.