Use the Following Soybean Futures Quotes to Answer This Question

question 63

Multiple Choice

Use the following soybean futures quotes to answer this question:

-Julie was lucky enough to purchase two September 08 futures contracts on soybeans when the contracts were at the lowest price of the day.What is Julie's total profit or loss as of the end of the day?

• A) $25.00
• B) $50.00
• C) $60.00
• D) $250.00
• E) $260.00

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Definitions:

Retrofit

The addition of new technology or features to older systems or vehicles, upgrading their capabilities or performance.

Power Steering Analyzer

A specialty tool for testing steering system hydraulics consisting of hoses, quick-release couplers, a flowmeter, pressure gauge, and flow control valve.

Relief Valve

A safety valve designed to automatically release pressure from a vessel or system when the pressure exceeds safe levels, preventing potential damage or explosion.

Flow Control Valve

Used in hydraulic circuits to regulate the speed of actuators. Functions by defining a flow area and is rated by operating pressure and capacity. It can be used in meter-in or meter-out applications. Two general types are used: bleed-off and fixed orifice.