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What is the value of the activities to individual portfolios

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The uninitiated might look at trading in futures and forwards contracts as Wall Street's way of just conducting an elaborate gambling operation, with bettors laying money on the direction of commodities, stocks, or other assets. How much of that is true? Or is there something more meaningful about this activity? What is the value of these activities to individual portfolios and the economy in general?

Reference no: EM13219349

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