You Purchased Five September Wheat Futures Contracts at the Open

question 6

Multiple Choice

You purchased five September wheat futures contracts at the open today and sold those contracts at the close. What is your total profit or loss on these contracts?

• A) -$750,000
• B) -$75,000
• C) -$7,500
• D) -$750
• E) -$75

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Definitions:

Foregone Opportunities

Benefits or earnings that are missed out on when choosing one alternative over another.

Accounting Costs

The actual expenses and cash outlays that a business incurs, which are recorded in its financial statements.

Dental Floss

A thin filament used to remove food and dental plaque from between teeth in areas a toothbrush is unable to reach.

Economic Losses

Financial deficits incurred by businesses, individuals, or governments due to economic downturns or adverse market conditions.