QUESTIONS 109 THROUGH 114 RELATE TO ALTERNATIVE INVESTMENTS.

114. - MOCK AND SAMPLE EXAMS CFA LEVEL I MOCK EXAM MORNING 2011
MOCK AND SAMPLE EXAMS CFA LEVEL I MOCK EXAM MORNING 2011

114. A commodity market is in contango when futures prices are:

A. lower than the spot price.

B. higher than the spot price.

C. the same as the spot price.