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Briefly describe the Federal Reserve System, how it is governed, and its roles in the economy.
Loss
This occurs when expenses exceed revenues, or when the selling price of an asset is less than its purchase price, resulting in a negative financial outcome.
Long Position
An investment strategy where an investor buys securities with the expectation that they will increase in value.
Commodity Futures
Financial contracts obligating the buyer to purchase an asset, or the seller to sell an asset, such as a physical commodity or a financial instrument, at a predetermined future date and price.
Price
The amount of money or its equivalent paid or charged for something, often determined by supply and demand.
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