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Basic Question 2 of 5
If an investor desires commodity exposure, he will most likely enter into a ______ swap.
B. total return
C. basis
A. excess return
B. total return
C. basis
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I passed! I did not get a chance to tell you before the exam - but your site was excellent. I will definitely take it next year for Level II.
Tamara Schultz
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.