A Miller Who Needs Wheat to Mill to Make flOur

question 65

Multiple Choice

A miller who needs wheat to mill to make flour uses the futures market to protect a profit by:

• A)A long hedge to take delivery.
• B)A short hedge to deliver.
• C)Buying futures to guard against a potential loss.
• D)Both A and C.
• E)Both B and C.

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Definitions:

Inferior Phrenic Vein

Veins that drain blood from the diaphragm into the inferior vena cava or the left suprarenal vein.

Axillary Vein

A vein that accompanies the axillary artery and drains the upper limb and the lateral aspect of the thorax and breast.

Subscapular Vein

A vein that drains blood from the subscapular region, which includes the underside of the scapula, and typically joins with the axillary vein.

Internal Thoracic Vein

A vein that runs alongside the internal thoracic artery and drains blood from the chest wall and breasts into the brachiocephalic vein.