You Sold a Futures Contract on Corn at a Futures

question 47

Multiple Choice

You sold a futures contract on corn at a futures price of 350 and at the time of expiration the price was 352.What was your profit or loss?

• A)$2.00
• B)-$2.00
• C)$100
• D)-$100
• E)None of the above

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Definitions:

Marketing Economy

An economy where decisions regarding investment, production, and distribution are based on market conditions, primarily supply and demand.