Material advantage

Multiple-choice questions. In order to be awarded CPD units you must answer the following five random questions correctly. If you fail the test, please reread the article before attempting the questions again.

How much was the rare earth elements market valued at in 2023?

Around 300m US dollars

Around 3bn US dollars

Around 9bn US dollars

Around 39bn US dollars

Which of the following is a key influencer of commodity price volatility?

Market transparency

Geopolitical events

Exchange rates

All of the other answers are correct

Which type of coffee futures surged by 70 percent between November 2024 and March 2025?

Excelsa

Arabica

Liberica

Robusta

By how much did cocoa prices increase from 2023 to 2024?

200 percent

400 percent

300 percent

500 percent

Which economies are classed as commodity-dependent?

Those where raw materials account for at least 60% of merchandise imports

Those where three or more commodities make up at least 60% of merchandise imports

Those where three or more commodities make up at least 60% of merchandise export revenue

Those where raw materials account for at least 60% of merchandise export revenue

Which of the following statements is true? Statement 1, commodity trading can drive economic growth and transparency. Statement 2, commodity trading often exploits vulnerable populations and can damage the environment

Both statements are true

Neither statement is true

Statement 1 is true

Statement 2 is true

What prediction has the World Bank made for commodity prices in 2025?

They will increase by 2 percent

They are likely to remain the same as 2024

They will decrease by 5 percent

None of the other answers is correct

For which commodity market did KPMG produce a hedging guide in 2022?

Electricity

Coffee

Rare earth minerals

Cotton

Which of the following statements is true? Statement 1, hedging should focus on managing commodity prices in isolation from other elements of margin. Statement 2, before embarking on hedging, a business should consider its supplier payment cycles

Neither statement is true

Statement 1 is true

Both statements are true

Statement 2 is true

Which of the following was considered to be a weak commodity in 2024?

Soybeans

Germanium

All of the other answers are correct

Gold

1 unit