Effective capacity is typically larger than design capacity

For a deferred exchange, the property must be identified within 45 days and the exchange completed within _________ days of transfer of the exchanged property.

a. 45 b. 75 c. 90 d. 180

Uses of future contracts include

A) eliminating uncertainty about the future cost of key inputs. B) eliminating uncertainty about the prices that will be received when a commodity is ready for market. C) speculating on future price movements of commodities which the speculator neither uses nor produces. D) all of the above.