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Describe the role of a mediator.
Futures Contracts
Futures Contracts are legal agreements to buy or sell a particular commodity or financial instrument at a predetermined price at a specified time in the future, widely used for hedging and speculative purposes.
Bushels
A unit of volume that is commonly used in agriculture, especially for measuring grains.
Interest Rates
The proportion of a loan or savings amount that is charged as interest to the borrower, typically expressed as an annual percentage.
Put Option
A monetary contract enabling the holder the choice, though not the requirement, to sell an established amount of a base asset at a predetermined rate within a set timeframe.
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