The Seller of a Copper Futures Contract Noticed That His

question 19

Multiple Choice

The seller of a copper futures contract noticed that his account was marked with a $500 gain yesterday.If the standardized contract requires delivery of 25,000 pounds of copper,what happened that day to the price of copper?

• A) The price closed down $0.02 per pound.
• B) The price closed up $0.02 per pound.
• C) The price closed down $0.20 per pound.
• D) The price closed up $0.20 per pound.

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Definitions:

Disease Identification

The process of diagnosing a disease, often involving symptoms assessment and various diagnostic tests.

Reporting-institution Information

Detailed data or facts provided by an organization, especially pertaining to its operations, for analysis or record-keeping purposes.

Respiratory Hygiene

Practices that prevent the spread of respiratory pathogens through droplets, such as covering the mouth when coughing.

CDC

Centers for Disease Control and Prevention; a national public health institute in the United States.