On April 1, You Sold One S&P 500 Index Futures

question 33

Multiple Choice

On April 1, you sold one S&P 500 Index futures contract at a futures price of 1,550. If, on June 15, the futures price was 1,612, what would be your profit (loss) if you closed your position (without considering transactions costs) ?

• A) $1,550 loss
• B) $15,550 loss
• C) $15,550 profit
• D) $1,550 profit

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Definitions:

ABC Model

A framework used in psychology, particularly in cognitive-behavioral therapy, that describes the interrelation between affect (emotions), behavior, and cognition (thoughts).

Attitudes

A rephrased definition: Stable, learned predispositions to respond in a consistently favorable or unfavorable manner towards a given object or situation.

Cognitive Consistency

Cognitive Consistency refers to the desire of individuals to maintain harmony and consistency among their beliefs, attitudes, and behaviors to avoid dissonance.

Thoughts

Mental considerations, reflections, or meditations, often reflecting one's cognitive processes or attitudes.