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An airline wants to lock in the price of the jet fuel it needs to purchase to satisfy the peak in - season demand for

An airline wants to lock in the price of the jet fuel it needs to purchase to satisfy the peak in

-

season demand for travel. The airline wants to manage its exposure to fluctuations in fuel prices. What type of exposure is this?

.

Translation

.

Delivery

.

Commodity

.

Speculative

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