VIP Exclusive
Series 3 – The National Commodities Futures Test VIP Certification Exam
Series 3 – The National Commodities Futures Test — The Series 3 National Commodity Futures Examination is administered by FINRA on behalf of the National Futures Association (NFA); it consists of 120 questions (105 scored) divided into Part 1 – Futures Trading (85 questions) and Part 2 – Regulations (35 questions), with a 150-minute time limit and a required passing score of 70% on each part separately.
30
Questions
150m
Time Limit
70.00%
To Pass
Question 1 of 30👑 VIP
A grain elevator operator knows it will purchase 50,000 bushels of corn from farmers in 60 days at prevailing cash prices. The operator is concerned that corn prices will rise before the purchase is made. Which of the following strategies BEST protects the elevator against this risk?
Questions 2–30 and full explanations are VIP-exclusive.