The Spot Price on Cocoa Is $3,100 a Ton

question 93

Multiple Choice

The spot price on cocoa is $3,100 a ton.The futures price is $3,180 a ton.The basis is ________ and the market is a(n) ________ market.

• A) -60; carrying-charge
• B) -60; inverted
• C) 20; inverted
• D) 60; carrying-charge
• E) 60; inverted

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