You Own One Futures Contract on Gold That You Purchased

question 67

Multiple Choice

You own one futures contract on gold that you purchased at a quoted price of 948.4.The current price quote is 1008.8.The contract size is 100 ounces and the quotes are expressed in dollars and cents per ounce.What is your current profit or loss on this investment?

• A)$30.40
• B)$912.00
• C)$3,040.00
• D)$6,040.00
• E)$9,120.00

Discuss the significance of social referencing and its role in emotional and social development.

Understand the development and significance of stranger wariness and factors influencing it.

Describe the evolution of self-conscious emotions and their differentiation from basic emotions.

Understand the importance of parental techniques in helping infants manage emotions.

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Definitions:

Fixed Costs

Overhead expenses that do not vary with production level or sales volume, such as rent, salaries, and insurance.

Variable Costs

Costs that change in proportion to the level of goods or services that a business produces.

Fixed Costs

Expenses that do not change in total regardless of the level of production or business activity.

Break-Even Point

The juncture where the overall expenses match the overall income, leading to neither a profit nor a loss.