A "Stack-And-Roll" Strategy Makes Profits from the "Roll" Part When

question 18

Multiple Choice

A "stack-and-roll" strategy makes profits from the "roll" part when

• A)The market is in backwardation.
• B)The market is in contango.
• C)There is a sharp fall in commodity prices.
• D)The correlation between long- and short-term futures prices is less than 0.5.

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Definitions:

Voluntary Intoxication

A legal defense claiming that a person's ability to understand the wrongfulness of his or her actions was impaired due to intentional consumption of alcohol or drugs.

Premeditation

The action of planning or plotting in advance, especially with intent to commit a specific act such as a crime.

Criminal Liability

The legal responsibility for a crime, involving the imposition of penalties or other legal consequences on a person who commits a criminal act.

Mens Rea

A legal principle referring to the criminal intent or state of mind of an individual at the time of an offense.