Which One of the Following Is Credited with an Important

question 10

Multiple Choice

Which one of the following is credited with an important role on the Chicago Mercantile Exchange because,in the process of realizing profit opportunities,they keep futures rates in line with bank forward rates?

• A)speculators
• B)hedgers
• C)arbitrageurs
• D)currency traders

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Definitions:

Substitutes Available

Products or services that can be used in place of one another, providing consumers with choices in the marketplace.

Elastic

Describes a situation in which the quantity demanded or supplied changes significantly in response to a change in price.

Demand

The desire of consumers, backed by the ability and readiness to purchase, for specific goods or services at a given time.

Downward-Sloping

A graphical representation indicating a decrease or decline in value or quantity when plotted against another variable, often used in economics to describe demand curves.