By Iosif Abramovich. Ostrovitdi8anov, Konstantin Vasil'evich, Lapidus
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Additional resources for An outline of political economy: Political economy and Soviet economics
Typically, the futures market quotes a spot price, three month delivery, six month delivery, nine month delivery, and so on. If you need cocoa in six months’ time, you can make a contract for six-month cocoa, pay a deposit, wait for delivery in six months’ time, and then settle the payment. You have the security of knowing exactly how much the cocoa will cost, and the supplier has the security of a firm sale. But both of you are gambling – you that 45 30 Minutes . . To Understand Financial Pages the spot price in six months’ time will not be much lower, and the supplier that the spot price will not be much higher.
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56 7 DEALING INTERNATIONALLY Arbitrage Finance markets are completely international, and money follows an opportunity anywhere in the world. 30 pm, which means that it opens just as the Tokyo stock exchange is closing, and it closes just as the New York stock exchange opens. As you can imagine, after-hours trading continues, and international deals are made at any convenient time. Sometimes two markets get a little out of phase and a particular investment might have a different price in two different markets.
An outline of political economy: Political economy and Soviet economics by Iosif Abramovich. Ostrovitdi8anov, Konstantin Vasil'evich, Lapidus