True/False Indicate whether the sentence or statement is true or
false.
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1
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Interest earned on commodities is limited to 10%.
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2
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The Chicago Board of Trade was established in 1948, just after World War
I.
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Multiple Choice Identify the letter of the choice that best
completes the statement or answers the question.
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1
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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 |
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2
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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 |
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Completion Complete each sentence or statement.
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1
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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)
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2
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The taking of a position in a futures market that is opposite of the position in
the cash market is known as ____________. (spelling counts)
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3
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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)
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4
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A _______ rate mortgage is a mortgage where the interest rate is set for the
life of the loan. (spelling counts)
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5
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A ___________ rate mortgage is a mortgage where the interest rate is
periodically lowered or raised, depending upon the current interest rates. (spelling counts)
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6
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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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