101. The crew of the Starship Enterprise became addicted to a type of video game because the pleasure center in their brains was stimulated each time they scored. They eventually played the game nearly constantly and experienced a pleasurable emotion without having to interpret a physiological reaction or think about the situational cause of their emotion. This is most supportive of which theory of emotion? […]
71. Dawn is a week old. Ellis is six years of age. Fritzi is nine years of age. Girard is fifteen years of age. In the context of the stages of development suggested by Piaget, which of the following pairs is CORRECTLY matched? A. Dawn – sensorimotor B. Ellis – concrete operational C. Fritzi – formal operational D. Girard – post-operational 72. During the sensorimotor period: A. children begin to understand […]
Multiple Choice Questions 1. Which of the following does NOT describe how children develop in the preschool years of early childhood, compared to their development as toddlers? A. Their bodies become slimmer. B. Their motor and mental abilities become sharper. C. Their verbal development slows down. D. Their personalities and relationships become more complex. 2. During early childhood, physical development […]
21. As compared to women, color blindness is _____ among men. A. less common B. about as common C. five times less common D. more common 22. In the most common form of color blindness: A. everything is seen in black and white. B. blue and yellow cannot be distinguished. C. all red and green objects appear yellow. D. green objects appear red. 23. Damon is among the 7% of […]
81. Blair is asked a question during a game of Trivial Pursuit. The answer is on the tip of his tongue, but he can’t come up with it. Which of the following memory processes failed him? A. Encoding B. Storage C. Retrieval D. Rehearsal 82. Al is on the witness stand. He is asked whether he can remember the name of the person who told him to place the […]
11.While many clinicians believe that developing more descriptive assessments would be of benefit in both research and clinical settings, this is unlikely to happen because a.the benefit of an efficient shorthand for communicating about disorders outweighs all other considerations. b.it would never be reliable and valid. c.they are time consuming and therefore expensive. d.the different theoretical approaches will probably never be able to agree […]
Use the following information for items 69-75. A DISCUSSION OF RULES 1. Ken, a fourth-grade teacher, stopped by Washington Middle School the first day of school in August to pick up Sandra, his wife, who teaches seventh-grade life science. 2. “Well, how was your first day?” Ken smiled. 3. “Good,” Sandra responded with enthusiasm. “I’m ready for them this year. I started […]
11. Asking students to come to a laboratory at 3 p.m. in order to participate in a study on university students’ usage of cellular phones is an example of what type of research? A. correlational research B. experimental research C. laboratory research D. field research 12. Standing in the campus courtyard with a clipboard to record your observations of university students’ usage of cellular phones is an […]
131.Regarding Milgram’s research on obedience, which of the following statements is FALSE? A)Ethical concerns resulting from this research played a large role in the profession’s adoption of ethical guidelines to protect research participants. B)Some people have interpreted Milgram’s findings as suggesting we do too good a job in our culture at socializing young people to be obedient to authority. C)Milgram found that placing the […]
141.In terms of prefrontal activation associated with emotions, the left cerebral cortex is to ______ emotions as right cerebral cortex is to ______ emotions. A)mimicked; genuine B)weak; strong C)strong; weak D)negative; positive E)positive; negative 142.Joshua’s cerebral cortex is involved in all but which of the following emotional experiences? A)helping Joshua evaluate the meaning of emotionally arousing stimuli B)triggering fear in Joshua when he encounters […]
P1. The futures price of corn is $2.00. The contracts are for 10,000 bushels, so a contract is worth $20,000. The margin requirement is $2,000 a contract, and the maintenance margin requirement is $1,200. A speculator expects the price of the corn to fall and enters into a contract to sell corn.
a. How much must the speculator initially remit?
b. If the futures price rises to $2.13, what must the spectator do?
c. If the futures price continues to rise to $2.14, how much does the speculator have in the account?
P2. The futures price of gold is $1,050. Futures contracts are for 100 ounces of gold, and the margin requirement is $5,000 a contract. The maintenance margin requirement is $1,500. You expect the price of gold to rise and enter into a contract to buy gold.
a. How much must you initially remit?
b. If the futures price of gold rises to $1,055, what is the profit and percentage return on your investment?
c. If the futures price of gold declines to $1,048 what is the loss and percentage return on the position?
d. If the futures price falls to $1,038, what must you do?
e. If the futures price continues to decline to $1,101, how much do you have in your account?
f. How do you close your position?
P3. The futures price of British pounds is $2.00. Futures contracts are for 10,000, so a contract is worth $20,000. The margin requirement is $2,000 a contract and the maintenance market requirement is $1,200. A speculator expects the price of the pound to fall and enters into a contract to sell pounds.
a. How much must the speculator initially remit?
b. If the futures price rises to $2.13, what must the speculator do?
c. If the futures price continues to rise to $2.14, how much does the speculator have in the account?
6. You expect the stock market to decline, but instead of selling stocks short, you decide to sell a stock index futures contract based on an index of New York Stock Exchange common stocks. The index is currently 600 and the contract has a value that is $250 times the amount of the index. The margin requirement is $2,000 and the maintenance margin requirement is $1,000.
a. When you sell the contract, how much must you put up?
b. What is the value of the contract based on the index?
c. If after one week of trading the index stands at 601, what has happened to your position? How much have you lost or profited?
d. If the index rose to 607, what would you be required to do?
e. If the index declined to 595 (1 percent from the starting value), what is your percentage profit or loss on your position?
f. If you had purchased the contract instead of selling it, how much would you have invested?
g. If you had purchased the contract and the index subsequently rose from 600 to 607, what would be your required investment?
h. Contract your answers to parts (d) and (g).
7. One use for futures markets is "price discovery," that is, the futures price mirrors the current consensus of the future price of the commodity. The current price of gold is $950 but you expect the price to rise to $1,000. If the futures price were $990, what would you do? If your expectation is fulfilled, what is your profit? If the futures price were $1,018, what would you do? What futures price will cause you to take no action? Why?
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