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You Own Three January Futures Contracts on Gold

Question 3

Multiple Choice

You own three January futures contracts on gold. What is the total value of your position as of the end of this day's trading?
Gold - 100 troy oz.:
u.S. dollars and cents per troy oz. You own three January futures contracts on gold. What is the total value of your position as of the end of this day's trading? Gold - 100 troy oz.: u.S. dollars and cents per troy oz. A) $66,050 B) $66,740 C) $66,820 D) $198,150 E) $200,460


A) $66,050
B) $66,740
C) $66,820
D) $198,150
E) $200,460

Correct Answer:

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