The spot price on cocoa is $2,880 a ton. The futures price is $2,730 a ton. The basis is _____ and the market is a(n) _____ market.
A) -150; carrying-charge
B) -150; inverted
C) 50; inverted
D) 150; carrying-charge
E) 150; inverted

Question

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The Answer of The spot price on cocoa is $2,880 a ton. The futures price is $2,730 a ton. The basis is _____ and the market is a(n) _____ market.
A) -150; carrying-charge
B) -150; inverted
C) 50; inverted
D) 150; carrying-charge
E) 150; inverted

The Spot Price on Cocoa Is $2,880 a Ton