Harvest Fields Sold Ten September Futures Contracts on Oats

question 63

Multiple Choice

Harvest Fields sold ten September futures contracts on oats. Harvest Fields will:

• A)pay for the oats in September.
• B)take delivery of the oats in September.
• C)pay for the oats now and take delivery in September.
• D)receive payment now and deliver in September.
• E)both receive payment and deliver in September.

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Definitions:

Illogical Cognitions

Refers to thoughts or thought processes that are not based on logic or sound reasoning.

Person-Centered

A therapeutic approach developed by Carl Rogers, focusing on an individual's self-worth and values being central to personal growth and healing.

Inappropriate Behaviors

Actions or responses that are not suitable or proper in a given context, potentially causing discomfort or offense to others.

Token Economy

A behavior modification system that utilizes tokens as reinforcement for desirable behaviors, which can be exchanged for rewards.