Currency futures refer to contracts to buy and sell foreign moneys (i.e., foreign exchange).
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Q29: The cost of carrying a commodity suggests
Q30: If an individual has a long position
Q31: A swap agreement converts a futures contract
Q32: Speculators take the opposite positions of hedgers.
Q33: Hedging with commodity futures
A)reduces the risk of
Q35: Futures contracts offer the advantage of
A)potential leverage
B)liquidity
C)safety
D)tax
Q36: Speculators who are short
A)expect prices to rise
B)are
Q37: The maximum daily price increase that is
Q38: Investing in futures is
A)investing in physical goods
B)entering
Q39: If a speculator is short and the
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