You Purchased Four April Futures Contracts on Gold When the Price

question 37

Multiple Choice

You purchased four April futures contracts on gold when the price quote was 692.5.Given today's closing prices as shown in the table,what is your current profit or loss?
Gold - 100 troy oz.:
U.S.dollars and cents per troy oz.

• A)$18,600
• B)$21,000
• C)$21,800
• D)$23,680
• E)$26,080

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Definitions:

Internal Arousal

The physiological and psychological state of being alert and engaged, often as a response to external stimuli or internal thoughts.

Hull's Model

A theoretical framework by Clark Hull that describes behavior as the result of internal drives, habits, and the outcomes of previous actions.

Associative Approach

A learning theory emphasizing the formation of associations between stimuli and responses.

Acquired Drives

Secondary drives that are learned through experience, such as ambition or desire for achievement, rather than those based on biological needs.