A Business Commentator Reports That the "Spot Price of Gold

question 28

Multiple Choice

A business commentator reports that the "spot price of gold is $1,820.54 per ounce". This means:

• A) Investors wishing to purchase gold futures will have to pay $1,820.54 per contract.
• B) The difference between local and international gold contracts is $1,820.54.
• C) The future price for an ounce of gold is $1,820.54 per ounce.
• D) The current price for an ounce of gold is $1,820.54.
• E) The average price in all international markets for an ounce of gold is $1,820.54.

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Definitions:

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