On May 21, 2012, You Could Have Purchased a Futures

question 11

Multiple Choice

On May 21, 2012, you could have purchased a futures contract from Intrade for a price of $5.70 that would pay you $10 if Barack Obama won the 2012 presidential election. This tells you ________.

• A) that the market believed that Obama had a 57% chance of winning
• B) that the market believed that Obama would not win the election
• C) nothing about the market's belief concerning the odds of Obama winning
• D) that the market believed Obama's chances of winning were about 43%

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Definitions:

Blastocyst

A stage within the germinal period of prenatal development in which the zygote has the form of a sphere of cells surrounding a cavity of fluid.

Nourishment

The substances necessary for growth, health, and good condition, often gained through the consumption of food and drink.

Fetal Movements

Refers to the physical movements made by a fetus within the uterus, which can begin to be felt by the mother around 18 to 25 weeks into pregnancy.

Pregnancy

The condition of carrying one or more developing embryos or fetuses within the female reproductive tract, typically lasting about 40 weeks in humans from the last menstrual period.