You Purchased Four April Futures Contracts on Gold When the Price

question 26

Multiple Choice

You purchased four April futures contracts on gold when the price quote was 692.5.Given today's closing prices as shown in the table,what is your current profit or loss?
Gold - 100 troy oz.: U.S.dollars and cents per troy oz.

• A) $18,600
• B) $21,000
• C) $21,800
• D) $23,680
• E) $26,080

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Definitions:

External Locus

A psychological concept referring to individuals who believe that external forces and situations influence their life outcomes.

Internal Locus

A belief that one has control over their own life and outcomes rather than external forces.

Weak Internal

Referring to the lack of strength, structure, or robust processes within an organization's internal framework, affecting its effectiveness and efficiency.

Position Power Base

The authority or influence a person holds in an organization or group based on their role or position.