One of the three major farm problems is instability of farm prices.

One of the three major farm problems is instability of farm prices.

Answer: True

Parity price means prices that will give a unit of an agricultural commodity the same purchasing power that unit had in some previous period.

Parity price means prices that will give a unit of an agricultural commodity the same purchasing power that unit had in some previous period.

Answer: True

Women, Infants and children (WIC) is an example of a demand expansion program.

Women, Infants and children (WIC) is an example of a demand expansion program.

Answer: True

Speculators in the futures market make money from the rise and fall of prices.

Speculators in the futures market make money from the rise and fall of prices.

Answer: True

There is only one way to settle a futures contract, and that is to take delivery of a commodity.

There is only one way to settle a futures contract, and that is to take delivery of a commodity.

Answer: False

The number of open contracts in the market is equal to the open interest.

The number of open contracts in the market is equal to the open interest.

Answer: True