The Spot Price on Cocoa Is $1,480 a Ton

question 97

Multiple Choice

The spot price on cocoa is $1,480 a ton. The futures price is $1,478. The basis is ________ and the market is a(n) ________ market.

• A) -20; carrying-charge
• B) -20; inverted
• C) 2; carrying-charge
• D) 2; inverted
• E) 20; carrying-charge

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Definitions:

Limited Membership

A situation or condition where access to a group or organization is restricted to certain individuals.

Affiliation Needs

The human desire or requirement for companionship, belonging, and social interaction.

Athletic Venues

Facilities or locations designed for hosting sports events and athletic activities.

Need For Power

is a psychological term denoting the drive to influence or control others.