You Are a Jewelry Maker

question 5

Multiple Choice

You are a jewelry maker. In May of each year, you purchase 10,000 troy ounces of silver to restock your production inventory. Today, you hedged your position at what turned out to be the lowest price of the day. Assume the actual price per troy ounce of silver is 9.215 in May. How much did you gain or lose by hedging your position?
Silver - 5,000 troy oz.:
u.S. dollars and cents per troy oz.

• A)loss $4,400
• B)loss $2,200
• C)no gain or loss
• D)gain $2,200
• E)gain $4,400

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Definitions:

Visual Reflexes

Reflex actions initiated by visual stimuli, involving rapid and involuntary responses to visual inputs.

Auditory Reflexes

Automatic responses of the muscles within the ear and other areas in response to sound, helping protect the ear from damage.

Somatosensory Areas

Regions of the brain that process sensory information from across the body, such as touch, temperature, and pain.

Respiration

The process of inhaling and exhaling air to facilitate the exchange of oxygen and carbon dioxide within the body's cells.