Examlex

Solved

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?


Definitions:

Central Need

A fundamental psychological or physiological requirement that is essential for an individual's survival and well-being.

Motivational

Refers to factors that direct and energize the behavior of humans and other organisms.

Psychological Facts

refer to interesting and often surprising details or findings from the field of psychology about how people think, feel, and behave.

Valence

in psychology, refers to the intrinsic attractiveness (positive valence) or averseness (negative valence) of an event, object, or situation.

Related Questions