Commodities II: Precious Metals And Oil (26th January 2011)
8 Questions
| Attempts: 59
You have exactly 1 minute to answer the maximum of questions.
Questions and Answers
- 1.
Fungibility of commodities mean:
- A.
The ability to exchange one commodity for another different commodity
- B.
The possibility to convert a commodity into cash easily
- C.
The interchangeability with other commodities of the same type
Correct Answer
C. The interchangeability with other commodities of the same type -
- 2.
Speculating and leveraging are the two main reasons to invest in commodities?
- A.
True
- B.
False
Correct Answer
B. FalseExplanation
No, it is speculating and hedgingRate this question:
-
- 3.
From a hedging perspective, what is the main advantage of purchasing commodities futures?
- A.
Purchase today and pay tomorrow
- B.
Secure the future price of a raw material
- C.
Get a discount for volume purchase
Correct Answer
B. Secure the future price of a raw material -
- 4.
When the US dollar appreciates the value of gold goes:
- A.
Up
- B.
Down
Correct Answer
B. Down -
- 5.
When the FED decrease the interest rate, the value of gold goes:
- A.
Up
- B.
Down
Correct Answer
A. Up -
- 6.
How many grams in 1 ounce ?
- A.
28
- B.
38
- C.
48
Correct Answer
A. 28 -
- 7.
In the 1980s, oil reached its highest price ever?
- A.
True
- B.
False
Correct Answer
B. False -
- 8.
What is the current price of oil per barrel ?
- A.
$118
- B.
$88
- C.
$46
Correct Answer
B. $88 -
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Mar 21, 2022Quiz Edited by
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Jan 21, 2011Quiz Created by
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