OPEC Is

question 84

Multiple Choice

OPEC is:

• A) the Organization of Petroleum Exporting Countries.
• B) an international cartel made up of 13 oil-producing countries.
• C) the cartel that was responsible for the large increases in crude oil prices in the 1970s.
• D) described by all of the above.

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Definitions:

Hedged

A financial strategy employed to reduce the risk of adverse price movements in an asset by taking an offsetting position in a related security.

Silver Price

The market price for silver, typically expressed per ounce, which can fluctuate based on supply and demand dynamics.

Forward Contract

An individualized pact made between two entities to trade an asset on an agreed future date at a price set in the present.

Make Delivery

The process of fulfilling an order by providing the promised product or service to the buyer.