Use the Following Wheat Futures Quotes to Answer This Question

question 94

Multiple Choice

Use the following wheat futures quotes to answer this question.

-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) $0.3020
• B) $0.3025
• C) $30.20
• D) $30.25
• E) $30.50

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Definitions:

CPI

A gauge of the weighted average cost of a selection of consumer goods and services, including transportation, healthcare, and food, known as the Consumer Price Index.

CPI

Consumer Price Index, a measure that examines the weighted average of prices of a basket of consumer goods and services.

Market Basket

A fixed list of items used to track the progress of inflation in an economy.

CPI

A gauge for inflation, the Consumer Price Index analyzes the weighted average price of a collection of consumer products and services.