Vernal Express | 1980-09-11 | Page 15 | Investment Quiz

investment LQUIZ If you speculate on how much investment know-how you have, why not risk a few minutes to rate your position? 1. You would sell stock short only if (a) you expected ex-pected its price to fall (b) you needed cash fast (c) you wanted to tempt fate. 2. A stock's striking price is (a) its par value (b) its all-time high (c) the price of a call option? 3. Commodity futures contracts exist (a) in grains only (b) in precious metals and forest products (c) in financial instruments (d) all of the above. 4. A futures contract must (a) conform to specified quantities and qualities (b) be liquidated before expiration (c) be redeemed re-deemed in kind? ANSWERS: 1. (a) 2. (c) 3. (d) 4. (a) Information on futures trading is available from the Chicago Board of Trade, Department NP3, 141 W. Jackson Blvd. Chicago, IL 60604.