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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 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.