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:

Independent Variable

The variable that is changed or controlled in a scientific experiment to test the effects on the dependent variable.

Confounding Variable

An external variable that affects both the variables being studied, potentially misleading the results of an experiment.

Teaching Method

The systematic way or strategy used by educators to facilitate learning among students.

Confounding Variable

A factor other than the independent variable that might produce an effect in an experimental study, potentially misleading the results.