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:

Invulnerability

A perception or belief that one cannot be harmed or affected by anything, often seen in individuals with certain psychological states or in group dynamics where members feel they can take more risks.

Rationalization

A defense mechanism where individuals justify behaviors or decisions with plausible but not always true reasons.

Insularity

A state of being isolated or detached from others, often referring to geographic isolation or a narrow-minded approach to life and other cultures.

Kitty Genovese Case

A murder case that became famous for purportedly demonstrating bystander apathy, leading to research on the "bystander effect."