What Is the Closing Value on This Day for One

question 20

Multiple Choice

What is the closing value on this day for one March futures contract on ethanol?
Ethanol - 32,000 U.S.gallons: U.S.dollars and cents per gallon

• A) $54,400
• B) $54,528
• C) $59,416
• D) $1.703 million
• E) $1.704 million

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Definitions:

Financialization

The increasing dominance of financial markets, financial motives, financial institutions, and financial elites in the economy, affecting the management and control of companies and even governments.

Information Technology

The use of computers, networking, and other physical devices and processes to create, process, store, secure, and exchange all forms of electronic data.

"The World is Flat"

A book by Thomas L. Friedman that discusses globalization and its impact on the world economy, proposing that technological advancements have leveled the competitive playing fields between industrial and emerging market countries.

Social Dumping

Practice where companies move production to countries with lower labor standards and wages, undermining workers' rights and conditions.