The spot price on cocoa is $3,840 a ton. The futures price is $3,450 a ton. The basis is ________ and the market is a(n)________ market.
A)−390; carrying-charge
B)−390; inverted
C)60; inverted
D)390; carrying-charge
E)390; inverted

Question

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The Answer of The spot price on cocoa is $3,840 a ton. The futures price is $3,450 a ton. The basis is ________ and the market is a(n)________ market.
A)−390; carrying-charge
B)−390; inverted
C)60; inverted
D)390; carrying-charge
E)390; inverted

The Spot Price on Cocoa Is $3,840 a Ton