Use the Following Wheat Futures Quotes to Answer This Question $=$

question 31

Multiple Choice

Use the following wheat futures quotes to answer this question.
Price $=$ cents and $1 / 8$ ths per bushel $\quad$ $\quad$ $\quad$ $\quad$ $\quad$ $\quad$ $\quad$ $\quad$ $\quad$ $\quad$ $\quad$ $\quad$ $\quad$ $\quad$ Prev
$\begin{array}{lccccccc}\text { Exp } & \text { Last } & \text { Open } & \text { High } & \text { Low } & \text { Close } & \text { Settle } & \text { Settle } \\\text { 08 Mar } & 1093^{\prime} 2 & 1093^{\prime} 2 & 1093^{\prime} 4 & 1093^{\prime} 2 & 1093^{\prime} 2 & 1093^{\prime}2 & 1063^{\prime} 0\\\text { 08 May } & 1109^{\prime} 4 & 1109^{\prime} 6 & 1109^{\prime} 6 & 1109^{\prime} 2 & 1109^{\prime} 4 & 1109^{\prime} 4 & 1080^{\prime}2\end{array}$

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By how much did today's settlement price per bushel for the Mar 08 wheat futures contract increase over the prior day's settlement price?

• A)$.3020
• B)$.3025
• C)$30.20
• D)$30.25
• E)$30.50

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Definitions:

GATT

General Agreement on Tariffs and Trade, a multilateral agreement regulating international trade, aimed at reducing tariffs and other trade barriers to promote economic cooperation and free trade.

Self-actualization

The achievement of realizing one's inherent abilities and potentials, viewed as a natural desire or necessity found in all individuals.

Repositioning

The process of changing the market's perception of a product or brand, often aiming to target a new demographic or market segment.

Generic Alternatives

Products, especially pharmaceuticals, that are not branded and are sold under their generic names, usually at a lower cost than branded versions.