Ships Too Large to Pass Through the Panama Canal Are

question 5

Multiple Choice

Ships too large to pass through the Panama Canal are called

• A) tramps.
• B) Panamax ships.
• C) post-Panamax ships.
• D) capesize ships.
• E) None of the above

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Definitions:

Delivery

The process of transferring the possession of a good, commodity, or service to the customer after a sale.

Futures Contracts

Agreements to buy or sell an asset at a future date for a price that is determined today.

Hedge Cost

The expense associated with implementing a hedging strategy to minimize or manage financial risk.

Bushels

A unit of volume that is used in the United States for measuring agricultural commodities.