Suppose Sammy decides to short 5 December 2022 South African Rand futures contracts. His quote when he initiates the trade is .05517. He decides to close his position 3 weeks later at a quote of .06334.

What is his total dollar profit or loss?

	A.	Profit of $13,725
	B.	Gain of $1,324.45
	C.	Loss of $13,725
	D.	Loss of $20,425

When are equity index futures contracts settled?

	A.	The first Friday of the delivery month
	B.	The first Monday of the delivery month
	C.	The third Friday of the delivery month
	D.	The first day of the delivery month regardless of the type of day it is.

When interest rates increase, 30 day Federal funds rate futures prices decrease.

True

False

When interest rates increase, Eurodollar futures decrease in price.

True

False