Use This Information to Answer the Questions 3-4

question 9

Multiple Choice

Use this information to answer the questions 3-4.
You purchase a futures contract for September delivery September 15^th of 62,500 pounds on March 15^th. The pound futures exchange rate is $1.65 per pound. The bank has a margin requirement of 2 percent.
-To secure the futures contract deal with the bank,you will have to put ______ as a deposit with the bank.

• A) $1,250
• B) $2,000
• C) $2062.5
• D) $2087.5

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Definitions:

Abstract Symbols

Representations that stand for ideas or concepts without having a physical form, used in various forms of communication and thought.

Vocal Abilities

The capability to produce sounds using the vocal tract, important for speech and singing in humans.

Linguistic Relativity Hypothesis

The theory that the structure of a language influences its speakers' world view or cognition, suggesting that language and thought are interrelated.

Idealized Prototype Construct

A cognitive representation of a perfect example or ideal model of a particular category or concept.