Examlex
The party that agrees to sell a commodity or currency in the forward market is said to have a
Parity Price
A price level that ensures the purchasing power of a commodity is maintained relative to an index or standard, often used in agricultural policy.
Base Period
A specific time period against which economic indicators or financial indexes are measured to assess changes over time.
Index of Prices
A statistical measure that shows changes in the price level of a selected basket of goods and services over time.
Farm Product
Products that are derived from agriculture, including both crops and livestock.
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