Assume a Futures Contract on Gold Is Based on 100

question 27

Multiple Choice

Assume a futures contract on gold is based on 100 troy ounces with prices quoted in dollars per troy ounce.Assume one contract called for delivery some time during the month of April.The price of gold opened the month at $1,194.The low quote for April was $1,189,the high was $1,212,and the end of month settle quote was $1,197.By what amount did the value on one contract vary over the month of April?

• A)$30
• B)$23
• C)$3,000
• D)$2,300
• E)$300

Grasp the importance of external validity in research and the application of findings to real-world settings.

Understand the functions and limitations of short-term memory.

Describe the impact of chunking and organizing information on memory retention.

Recognize the role of domain-specific memory systems and their operational characteristics.

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Definitions:

PHStat

An Excel add-in that enhances the statistical functions of Microsoft Excel, providing tools for analysis and decision making in business.

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A decision-making tool in risk management that combines the probabilities of different outcomes with the monetary gains or losses they would produce, to estimate the average outcome.

PHStat

An Excel add-in that enhances and expands upon the statistical capabilities provided by Microsoft Excel.

Return To Risk Ratio

A financial metric used to evaluate the potential return of an investment relative to its risk.