You purchased a December corn futures contract on July 1. A month later you decide you would like to take delivery. You do which of the following?
A. You can call up your broker and get almost immediate delivery.
B. You will get delivery only if by chance the buyer you bought from decides to deliver.
C. You must wait until December 1 and then you can demand delivery.
D. None of the above.
Ans: C. You must wait until December 1 and then you can demand delivery.
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If the MPC is 0.80, and if the goal is to increase real GDP by $200 million, then by how much would government spending have to change to generate this increase in real GDP?
a. $240 million. b. $200 million. c. $180 million. d. $40 million.
Assuming one can derive a correct input-output table, are there still any reasons to prefer the market to central planning?
What will be an ideal response?
If the aggregate supply curve has its normal shape, deficit spending will increase
A. both GDP and the price level at about the same rate. B. the price level before it increases real GDP. C. the price level but decrease real GDP. D. real GDP before it increases the price level.
Which of the following contributed to the soaring housing prices during 2002-2004?
What will be an ideal response?