Larry Is a Corn Farmer

question 80

Multiple Choice

Larry is a corn farmer.To attempt to maximize the value of his crop, Larry is most likely to benefit from

• A)selling his crop at the market price when it is harvested.
• B)buying a futures contract on corn for delivery at harvest time.
• C)selling a futures contract on corn for delivery at harvest time.
• D)buying a futures contract on corn and selling a futures contract on wheat.

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Definitions:

Hair

A protein filament that grows through the epidermis from follicles deep within the dermis, found in mammals.

Skin

The body's largest organ, serving as a protective barrier against infection, injury, and UV radiation.

Lubricate

To apply a substance like oil or grease to reduce friction and wear between surfaces in contact.

MD

Stands for Doctor of Medicine, a professional doctoral degree for physicians and surgeons.