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:

Social Identity Theory

A psychological theory positing that a person’s sense of who they are is based on their group membership(s).

Out-Group

A social group toward which an individual feels a sense of competition or opposition, often viewed less favorably than the in-group.

Social Categorization

The cognitive process of classifying people into groups based on shared characteristics such as race, gender, or nationality.

Social Identity

The part of the self-concept including one’s view of self as a member of a particular social category.