Suppose that you bought eight Euro currency futures contracts .
A)$22,680,$22,180,$20,380,$19,280,$29,280
B)$22,680,$22,380,$20,180,$19,280,$29,280
C)$22,680,$22,180,$19,280,$22,380,$29,280
D)none of these answers

Question

Quizplus · Accepted Answer

The price of a Euro currency futures contract is not given, so we cannot compute the total value of eight contracts. However, we can eliminate choices A and C because the prices listed are not in ascending or descending order. Choice B lists prices in descending order, so it is the best choice.

Suppose That You Bought Eight Euro Currency Futures Contracts