You Purchased Five September Wheat Futures Contracts at the Open

question 76

Multiple Choice

You purchased five September wheat futures contracts at the open today and sold those contracts at the close.What is your total profit or loss on these contracts?

• A)-$750,000
• B)-$75,000
• C)-$7,500
• D)-$750
• E)-$75

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Definitions:

Relational Thinking

A cognitive process that involves identifying connections and relationships between objects, ideas, or situations.

Dialectical Thinking

A method of thought that involves holding two opposing points of view in mind at the same time to reach a synthesis or integration of the two.

Categorical Thinking

A cognitive process that involves organizing information into categories for easier understanding and decision-making, sometimes at the expense of recognizing unique or nuanced differences.

Self-Worth

A person's subjective valuation of themselves, often based on assessments of their abilities and attributes.