Use the Following Soybean Futures Quotes

question 25

Multiple Choice

Use the following soybean futures quotes:

-You purchased four November 08 futures contracts on soybeans when they first became available this morning.Your investment has been worth as little as ________ and as much as ________.

• A) $255,350; $265,500
• B) $255,350; $265,020
• C) $257,440; $265,500
• D) $257,440; $265,020
• E) $257,440; $265,520

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Definitions:

Saudi Arabian Oil

Refers to the extensive petroleum reserves located in Saudi Arabia, which play a crucial role in the global oil industry and the country's economy.

Kuwait

A country located in the Middle East, at the head of the Persian Gulf, known for its significant petroleum reserves and strategic regional significance.

1980 Presidential

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The process through which members of the United States Congress (both the House of Representatives and the Senate) are elected by voters, typically held every two years.