Multiple Choice
Suppose that everyone believes war is about to break out in the Middle East, decreasing the supply of oil. One should:
A) buy oil futures because the reduced oil supply will raise the price of oil.
B) sell oil futures because the reduced oil supply will decrease the price of oil.
C) speculate at random.
D) do nothing; prices already reflect that information.
Correct Answer:
Verified
Correct Answer:
Verified
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