Yesterday,you Entered into a Futures Contract to Buy €62,500 at $1.50

question 71

Multiple Choice

Yesterday,you entered into a futures contract to buy €62,500 at $1.50 per €.Suppose the futures price closes today at $1.46.How much have you made/lost?

• A)Depends on your margin balance.
• B)You have made $2,500.00.
• C)You have lost $2,500.00.
• D)You have neither made nor lost money,yet.

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Definitions:

Communication Clause

A provision in a contract or law that specifically relates to the methods and standards for communication between parties, often within the context of labor relations.

Blue Collar Workers

Employees who perform manual labor, often requiring skilled or unskilled physical work, typically in industries like manufacturing, construction, and maintenance.

Wage Rate

The amount of money paid to an employee for a specified quantity of work, usually expressed as an hourly rate or fixed salary.

Bureaucratic System

An organizational structure characterized by hierarchical authority, formal rules and procedures, and a clear division of labor, commonly found in large institutions and governments.