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Back To School Quiz #3

9 Questions  I  By Ed-usset
School Quizzes & Trivia
Welcome to Quiz #3! Ed’s challenging and authentic quiz questions are designed to test your grain marketing knowledge, and will help you learn while having fun! Ed Usset is the author of “Grain Marketing is Simple, It’s Just Not Easy,” and is a grain marketing specialist at the University of Minnesota.

  
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Question Excerpt

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1.  What is the highest closing price level ever attained by a December (i.e., new crop) corn futures contract?
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B.
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D.
2.  What do you call a futures trading strategy involving the simultaneous sale of a nearby futures contract and purchase of a deferred contract in the same commodity?
A.
B.
C.
D.
3.  To simultaneously buy corn futures and sell soybean futures is an example of a (an)...
A.
B.
C.
D.
4.  What is the lowest closing price level attained by a November soybean futures contract since 1980?
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B.
C.
D.
5.  What do you call an options trading strategy involving the simultaneous purchase of out-of-the-money puts and calls in the same commodity?
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B.
C.
D.
6.  The United States exports about 40% of soybeans produced. Which country or trading bloc is the largest buyer of U.S. soybeans?
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B.
C.
D.
7.  Regulation and oversight of the futures industry occurs at three different levels; the CFTC (Commodity Futures Trading Commission), NFA (National Futures Association), and the futures exchanges. Which of these organizations is responsible for designing and offering new contracts?
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B.
C.
8.  What is the purpose of “open outcry” in futures trading?
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B.
C.
9.  When a call option is exercised, the buyer of the call...
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B.
C.
D.
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