Use the Following Soybean Futures Quotes

question 58

Multiple Choice

Use the following soybean futures quotes:

-You would like to lock in the selling price on 60,000 bushels of wheat,which you plan to harvest and deliver to the market in September.The September futures price quote is currently 902΄6.If you write September futures contracts on your wheat,you will be guaranteed a total price of ________ for your crop.Each contract is quoted in cents and 1/8 ths of a cent per bushel with a contract size of 5,000 bushels.

• A) $45,637.50
• B) $541,650.00
• C) $11,908.75
• D) $297,700.50
• E) $2,977,000.25

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Definitions:

Counseling Psychologists

Professionals in psychology who focus on facilitating personal and interpersonal functioning across the lifespan, including emotional, social, vocational, educational, health-related, developmental, and organizational concerns.

Structuralism

An early school of psychology that used introspection to explore the structure of the human mind.

Psychoanalysis

A therapeutic approach and theory of personality developed by Sigmund Freud, focusing on unconscious motivations and conflicts underlying human behavior.

Wundt

Often referred to as the father of experimental psychology, Wilhelm Wundt established the first psychology laboratory at the University of Leipzig, Germany.