Describe the essential features of a futures contract and, Financial Management

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Describe the essential features of a futures contract and

In 2-3 complete paragraphs, please discuss, minimize the use of advanced finance concepts and jargon, be as simple and concise as possible

Describe the essential features of a futures contract, and explain how the futures market operates; explain the role that hedgers and speculators play in the futures market, including how profits are made and lost; outline the commodities segment of the ftures market and the basic characteristics of these investments?

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Financial Management: Describe the essential features of a futures contract and

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