Cash (Currency): the Wonky Commodity

Mar 10, 2014

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in Level I General, Level II General, Level III General

Throughout Level II and Level III – and a little bit at Level I – we see calculations that involve commodities; e.g., calculating the price or value of a forward or futures contract on an underlying commodity. In all of those calculations, the quantity of the commodity is constant; for example, if you’re given the […]

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