You Own One Futures Contract on Gold That You Purchased

question 67

Multiple Choice

You own one futures contract on gold that you purchased at a quoted price of 948.4.The current price quote is 1008.8.The contract size is 100 ounces and the quotes are expressed in dollars and cents per ounce.What is your current profit or loss on this investment?

• A)$30.40
• B)$912.00
• C)$3,040.00
• D)$6,040.00
• E)$9,120.00

---

Definitions:

Similarity in Needs

The concept that different customers or market segments may have comparable requirements or desires that a product or service can fulfill.

English-speaking Regions

Geographic areas where English is the primary language used for communication, governance, and business, affecting cultural, economic, and educational dynamics.

Target Market

A specific group of consumers at which a product or service is aimed, identified by characteristics like age, gender, income, and interests.

Marketing Efforts

Activities undertaken by a company to promote and sell its products or services to its target market.