What Is the Closing Value of One December Futures Contract

question 95

Multiple Choice

What is the closing value of one December futures contract on wheat?

• A) $3.76
• B) $376.00
• C) $37,600
• D) $376,000
• E) $3,760,000

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Definitions:

Co-Payments

Fixed amounts paid by an insured person for covered services, in addition to what the insurance covers.

Pizza Buffet

A dining establishment offering an all-you-can-eat selection of pizzas along with possibly other foods and beverages, for a set price.

Flat Rate

A fixed charge or fee that does not vary with the quantity of the service or goods provided.

Clientele

The clients or customers served by a professional or a business.