question 1:

A trader entered into 2 short British Pound futures contracts @ $1.72 per GBP, and closed out his position @ $1.56 per GBP. What is his gain or loss in USD? The size of the contract is 62,500 GBP. Write your answer in the format of 10000 or -10000, no comma, no dollar sign.

question 2:

Suppose that you enter into a long contract to buy July silver for $14.77 per ounce on NYMEX. The size of the contract is 5000 ounces. The initial margin is $4,444 per contract, and the maintenance margin is $3,257 per contract. At what price are you going to receive a margin call? Please keep two decimal points and write your answer in dollars (e.g. 15.61). Please do not write dollar sign in your answer.