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:

Puberty

The developmental stage in which adolescents undergo physical and hormonal changes, leading to sexual maturity.

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The feelings, beliefs, and behaviors individuals have towards social objects, issues, or people.

Impressionable Years

A period in early childhood and adolescence when an individual is very open to external influences, shaping their personality and beliefs.

Young Adulthood

A life stage marked by the transition from adolescence to adulthood, typically involving increased independence, identity exploration, and responsibility.