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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The uncertainty costs of inflation cause ________ because ________
A) a decrease in investment and slower growth; people focus on the long run and not the short run B) an increase in investment and faster growth; people focus on the short run and not the long run C) a decrease in investment and slower growth; people increase their demand for money D) a decrease in investment and slower growth; people focus on the short run and not the long run E) an increase in investment and faster growth; people decrease their demand for money
The U.S. economy is experiencing falling output, falling employment, falling incomes and rising unemployment. These conditions best describe a business cycle
A) expansion. B) peak. C) trend. D) recession. E) trough.