Another oil refiner is offering to trade you 10 150 tonnes of TOC crude oil for 10 000 tonnes of WAI crude oil. Assuming you currently have 10 000 tonnes of WAI crude, what should you do?
A) Do nothing, refine the 10 000 tonnes of WAI crude.
B) Sell 10 000 tonnes WAI crude on the market and use the proceeds to purchase and refine TOC crude.
C) Trade the 10 000 tonnes WAI crude with the other refiner and refine the 10 150 tonnes of TOC crude.
D) Trade the 10 000 tonnes WAI crude with the other refiner and then sell the 10 150 tonnes of TOC crude.
Correct Answer:
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