1. Alex buys (goes long) on a futures contract on a Treasury Bond. The minimum contract size is $100,000 and the initial price is 120% of face value. The following day the price moves to 120.25% of face value. What is the total dollar amount of the gain or loss? Enter your answer to the nearest cent (i.e. two decimal places).
2. Mexico and Argentina are trade partners. Which of the following is the most likely impact of the Mexican peso depreciating compared to the Argentinian peso?
   1. Argentina will import fewer Mexican goods, hurting Mexican exports
   2. Argentina will import more Mexican goods, helping Mexican exports
   3. Mexico will import more Argentinian goods, helping Argentinian exports
   4. There will be no impact as foreign currency exchange rates dont impact trade