A Trader Sells 2 Futures Contracts (A Total Value of $50)when

question 15

Multiple Choice

A trader sells 2 futures contracts (a total value of $50) when the price of the contracts (based on the SPI 200 share price index) is 3030.When these contracts expire,the index itself is at 3015 points and the price of the SPI 200 contract units is 2995.The trader has:

• A) made a gain of $1750
• B) made a loss of $1750
• C) made a loss of $875
• D) made a gain of $875

Comprehend the procedures and importance of securely processing checks and cash.

Understand the electronic banking transactions and the role of digital banking today.

Know how to correctly use and fill out banking forms and slips.

Grasp the concept and process of bank reconciliation to manage financial records.

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Definitions:

Multinational Corporation

A company that operates in several countries around the world, managing production or delivering services in more than one country.

Tax Base

The total amount of assets or income that can be taxed by a government, serving as a source of public funding.

Licensing Agreement

A legal contract granting permission to use patented inventions, copyrights, trademarks, or software under defined conditions.

International Business

The exchange of goods, services, technology, and capital across national borders, involving the intricate dynamics of global trade and investment.