If Oat Futures Closed Yesterday at $2

question 31

True/False

If oat futures closed yesterday at $2.43 and the limit is 20 cents, the futures price today must stay between $2.23 and $2.63 as long as the contract in question is not for delivery in the current month.

---

Definitions:

Capital Goods

Physical assets that a company uses in the production process to manufacture products and services that consumers will later use.

Opportunity Cost

Giving up possible benefits from other solutions when a single solution is chosen.

Economic Growth

The increase in the inflation-adjusted market value of the goods and services produced by an economy over a period of time.

Entrepreneurship

The act of creating, organizing, and running a new business venture, typically characterized by risk-taking and innovation to achieve profit and growth.