A Wheat Futures Contract Is Quoted in Cents Per Bushel

question 75

Multiple Choice

A wheat futures contract is quoted in cents per bushel with a contract unit of 5,000 bushels. If the contract is quoted at a settle price of 685, then the value of one wheat futures contract is

• A) $685.
• B) $3,425.
• C) $34,250.
• D) $68,500.

---

Definitions:

Unrestricted Minting

The process of producing coins in unlimited quantities without regard to the economic consequences, such as inflation or the devaluation of currency.

Silver Money

Currency that is minted from silver, historically used as standard money in many economies before the adoption of gold standards or fiat currency systems.

William Jennings Bryan

William Jennings Bryan was a leading American politician and orator of the late 19th and early 20th centuries, known for his advocacy for populism, prohibition, and his three unsuccessful presidential campaigns.

Forward-Thinking

Characterized by the ability to anticipate and plan for future needs, trends, or problems.