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The spot price on cocoa is $3,100 a ton. The futures price is $3,180 a ton. The basis is ________ and the market is a(n)

The spot price on cocoa is $3,100 a ton. The futures price is $3,180 a ton. The basis is ________ and the market is a(n) ________ market.

Multiple Choice

  • 80; carrying-charge

  • 80; inverted

  • 60; inverted

  • 80; carrying-charge

  • 80; inverted

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