Basis risk refers to the risk: A. associated with anticipated price movements in the cash market. B.

Basis risk refers to the risk:

A. associated with anticipated price movements in the cash market.

B. associated with unanticipated price movements on the underlying asset.

C. of default on the futures contract.

D. from a change in the spread between the price on the commodity or financial security in the physical market and the price of the related futures contract.