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Technician A says fuses and other circuit protection devices normally wear out. Technician B says to avoid future problems, replace a bad fuse with a higher ampere-rated fuse. Who is correct?
Future Contract
A legal agreement to buy or sell a particular commodity or asset at a predetermined price at a specific time in the future, reiterating the concept of futures contracts with a focus on its nature as a legal agreement.
Spot Price
The current market price at which a particular asset can be bought or sold for immediate delivery.
Oil
A natural resource used as a primary energy source and raw material in various industries, whose market dynamics significantly influence global economics.
Profit/Loss
The financial result obtained when revenues exceed expenses (profit) or expenses exceed revenues (loss).
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