According to an article in the wall street journal canadian, Ask an Expert

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According to an article in the Wall Street Journal, Canadian firms that import goods that are priced in U.S. dollars "buy futures contracts that guarantee that they can exchange Canadian dollars for U.S. [dollars] at fixed prices."

Do you agree that futures contracts make it possible to fix the price of the underlying asset?

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Basic Finance, Finance

Category:- Basic Finance
Reference No.:- M92059919

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