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Financial Quiz #8

True/False
Indicate whether the sentence or statement is true or false.
 

 1 

Interest earned on commodities is limited to 10%.
 

 2 

The Chicago Board of Trade was established in 1948, just after World War I.
 

Multiple Choice
Identify the letter of the choice that best completes the statement or answers the question.
 

 1 

If you were to invest in Live Cattle, Lean Hogs or Pork Bellies, at which commodities exchange would you buy them?
a
Chicago Board of Trade
c
Chicago Mercantile Exchange
b
Osaka Rice Exchange
d
New York Stock Exchange
 

 2 

Most hedgers can be broken into one of five categories; which one listed below is NOT one of those categories?
a
Farmers
c
Processors
e
Feed Salesman
b
Exporters
d
Feedlot Operators
 

Completion
Complete each sentence or statement.
 

 1 

A contract for commodities where terms are standardized with the exception of price, which is determined in public at an established exchange is known as a ___________ contract. (spelling counts)
 

 

 2 

The taking of a position in a futures market that is opposite of the position in the cash market is known as ____________. (spelling counts)
 

 

 3 

A legal document giving the lender a claim against the property if the principal, interest or both are not paid as agreed is known as a ____________. (spelling counts)
 

 

 4 

A _______ rate mortgage is a mortgage where the interest rate is set for the life of the loan. (spelling counts)
 

 

 5 

A ___________ rate mortgage is a mortgage where the interest rate is periodically lowered or raised, depending upon the current interest rates. (spelling counts)
 

 

 6 

If you purchase a home, you generally go through a person licensed in the buying and selling of homes, called a ___________. (spelling counts)
 

 



 
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