You Are a Cattle Rancher

question 201

True/False

You are a cattle rancher. To lock in the sale price for your cattle, you could either sell a futures contract on cattle, or buy a futures put option on cattle.

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Definitions:

North Magnetic Pole

The point on the Earth's surface where geomagnetic field lines are directed vertically downwards, the opposite of the Geographical North Pole.

Compass Needle

A magnetized pointer free to align itself with Earth's magnetic field, used in compasses for navigation.

Earth

The third planet from the Sun, our home planet, or in electrical terms, the reference point in an electrical circuit for the return path of currents or a direct physical connection to the ground.

Ampere-Turns

A basic unit for measurement of magnetism. The product of number of turns of wire times current flow.