What is the closing value on this day for one March futures contract on ethanol?
Ethanol - 32,000 U.S.gallons:
U.S.dollars and cents per gallon
A)$54,400
B)$54,528
C)$59,416
D)$1.703 million
E)$1.704 million

Name: What is the closing value on this day for one March futures contract on ethanol? Ethanol - 32,000 U.S.gallons: U.S.dollars and cents per gallon A)$54,400 B)$54,528 C)$59,416 D)$1.703 million E)$1.704 million
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Question

What is the closing value on this day for one March futures contract on ethanol?
Ethanol - 32,000 U.S.gallons:
U.S.dollars and cents per gallon 
A)$54,400 
B)$54,528 
C)$59,416 
D)$1.703 million 
E)$1.704 million

Quizplus · Accepted Answer

Contract value = 32,000 × $1.704 = $54,528

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