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

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
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Question

Quizplus · Accepted Answer

The closing value can be calculated by multiplying the number of gallons (32,000) by the price per gallon ($1.704). 
32,000 x $1.704 = $54,528. Therefore, the correct answer is B.

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