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Basic Question 1 of 13
The theory of storage predicts ______ relationship between the level of inventories and the convenience yield.
B. an inverse
C. no
A. a direct
B. an inverse
C. no
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I am happy to say that I passed! Your study notes certainly helped prepare me for what was the most difficult exam I had ever taken.
Andrea Schildbach
Learning Outcome Statements
describe how commodity swaps are used to obtain or modify exposure to commodities;
describe how the construction of commodity indexes affects index returns.
CFA® 2025 Level II Curriculum, Volume 5, Module 33.