The Spot Price on Cocoa Is $3,840 a Ton

question 50

Multiple Choice

The spot price on cocoa is $3,840 a ton. The futures price is $3,450 a ton. The basis is ________ and the market is a(n) ________ market.

• A)−390; carrying-charge
• B)−390; inverted
• C)60; inverted
• D)390; carrying-charge
• E)390; inverted

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