AGRI 320 quiz 1 Fund.docx - AGRI 320 Fund Agricultural Commodity Marketing Quiz 1 Name_Amelia Petska 1 Futures contracts are a The same as forward

AGRI 320 quiz 1 Fund.docx - AGRI 320 Fund Agricultural...

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AGRI 320 Fund. Agricultural Commodity Marketing Quiz 1 Name_____Amelia Petska ________________ 1.Futures contracts are: a.The same as forward contractsb.Standardized contracts to make or take delivery of a commodity at a predetermined place and time.c.Contracts with standardize price termsd.All of the above. 2. Futures prices are discovered by: a. Bids and offers b. Officers and directors of the exchanges c. Written and sealed bids d. CME Clearing e. Both a and d 3.The primary function of the CME Clearing is to: 4.Gains and losses on futures positions are settled:
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  • Fall '19
  • futures contracts, CME, AGRI 320 Fund, Clearing Service Provider

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