On January 1, You Bought One April S&P 500 Index

question 2

Multiple Choice

On January 1, you bought one April S&P 500 index futures contract at a futures price of 1,420. If, on February 1, the April futures price was 1,430, what would be your profit (loss) if you closed your position (without considering transactions costs) ?

• A) $2,500 loss
• B) $10 loss
• C) $2,500 profit
• D) $10 profit

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Definitions:

Cultural Psychology

A branch of psychology focused on how cultural contexts shape thinking and behavior.

Intercultural Psychology

The study of the cultural factors that influence human behavior, thought processes, and emotions, highlighting cross-cultural interactions.

Filial Piety

A virtue of respect for one's parents, elders, and ancestors, emphasized particularly in many Asian cultures.

Collective Societies

Societies characterized by a strong emphasis on communal bonds, interdependence, and prioritizing the needs of the group over individual desires.