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observing from spot price, to the nearest, to more distant contracts, a consistently negative basis and spreads across delivery dates is evidence of a normal

observing from spot price, to the "nearest", to "more distant" contracts, a consistently negative basis and spreads across delivery dates is evidence of a normal futures market. True or False?

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________futures contracts were among first"financial" futures to trade upon an organized exchange (in early-mid-1970's at the CME); while __________furtures were the very first "cash

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