The Spot Price on Cocoa Is $2,880 a Ton

question 62

Multiple Choice

The spot price on cocoa is $2,880 a ton. The futures price is $2,730 a ton. The basis is _____ and the market is a(n) _____ market.

• A) -150; carrying-charge
• B) -150; inverted
• C) 50; inverted
• D) 150; carrying-charge
• E) 150; inverted

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Definitions:

Electrical Activity

The movement of electrical charges or signals through a given medium, foundational for the functioning of the nervous system and the heart.

Brain

The complex organ located in the head responsible for controlling thoughts, memory, emotions, touch, motor skills, vision, breathing, temperature, hunger, and every process that regulates our body.

Gastroesophageal Reflux

A digestive disorder where stomach acid or bile irritates the food pipe lining, often referred to as GERD.

Gastric Acid

The digestive fluid produced by the stomach, primarily composed of hydrochloric acid, which helps in food digestion.