Users of Commodities Are

question 69

Multiple Choice

Users of commodities are:

• A)Usually not participants in futures contracts.
• B)Speculators preferring to get the large returns which result from large risk.
• C)Likely to take the short position in a futures contract.
• D)Buyers of futures.

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Definitions:

Earned

Income or revenue that has been generated from business activities or services provided.

Cash

Money in the form of coins or banknotes, especially that used to operate a business.

Cash Basis

An accounting method whereby revenues and expenses are recorded when cash is received or paid, rather than when they are incurred.

Accounting

The process of recording, classifying, summarizing, and interpreting financial transactions to provide information that is useful in making business decisions.