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Basic Question 0 of 26

The theory of storage predicts ______ relationship between the level of inventories and the convenience yield.

A. a direct
B. an inverse
C. no

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Learning Outcome Statements

describe the measurement of inventory at the lower of cost and net realisable value and its implications for financial statements and ratios

CFA® 2025 Level I Curriculum, Volume 2, Module 6.