It Is Expected That the Price of a Bushel of Wheat

question 280

Multiple Choice

It is expected that the price of a bushel of wheat will increase in one month.This belief will result in

• A) an increase in the current supply of wheat.
• B) a decrease in the current supply of wheat.
• C) a decrease in the future supply of wheat.
• D) no change in the current or future supply of wheat.
• E) an increase in the current quantity supplied of wheat.

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Definitions:

Decimal Equivalent

The number obtained by dividing the numerator by the denominator in a fraction, expressed in decimal form.

Percent Equivalent

A way to express a number as a fraction of 100, commonly used to compare proportions.

Compound Interest

Interest calculated not only on the original amount of the deposit or loan but also on the interest that has accumulated over previous periods.

Compound Interest

Calculated interest on a deposit or loan that involves the initial principal plus the interest that has built up in past periods.