Use the Following Soybean Futures Quotes to Answer This Question

question 63

Multiple Choice

Use the following soybean futures quotes to answer this question:

-Julie was lucky enough to purchase two September 08 futures contracts on soybeans when the contracts were at the lowest price of the day.What is Julie's total profit or loss as of the end of the day?

• A) $25.00
• B) $50.00
• C) $60.00
• D) $250.00
• E) $260.00

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Definitions:

Simple Tasks

Activities or jobs that require a minimal level of skill, effort, or complexity to complete.

Decision by Majority

A decision-making process in which the option that receives more than half of the votes is chosen.

Restricted Communication Network

A pattern of interaction in which subgroups have limited communication with one another.

Little Creativity

Describes a minimal level of originality and innovation in thinking or making.