You Purchased a Futures Contract on Oats at a Futures

question 67

Multiple Choice

You purchased a futures contract on oats at a futures price of 233.75 and at the time of expiration the price was 261.25.What was your profit or loss?

• A)$1375.00
• B)-$1375.00
• C)-$27.50
• D)$27.50
• E)None of the above

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Definitions:

Demand

The amount of a product or service that buyers are ready and capable of buying at different price levels over a specific period.

Rent

A payment made by a tenant at regular intervals in exchange for the use of land, a building, an apartment, an office, or other property.

Usury Law

Legislation that places a cap on the interest rates that can be charged on loans, intended to protect consumers from excessively high charges.

Interest Rate

The amount charged by lenders to borrowers for the use of assets, usually expressed as a percentage of the principal, influencing borrowing and saving behaviors.