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

Question

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

Quizplus · Accepted Answer

Position value = 3 × 100 × $660.50 = $198,150

You Own Three January Futures Contracts on Gold