Why does it make sense that the first futures markets introduced in nineteenth- century America were for

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Why does it make sense that the first futures markets introduced in nineteenth- century America were for trades in agricultural products? For example, why did we not see instead futures markets for goods such as paper or pencils?

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Investments

ISBN: 978-0071338875

8th Canadian Edition

Authors: Zvi Bodie, Alex Kane, Alan Marcus, Stylianos Perrakis, Peter

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Question Posted: Jun 21, 2015 03:35 AM

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Why does it make sense that the first futures markets introduced in nineteenth- century America were for

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In nineteenthcentury America with its largely agraria...View the full answer

Investments

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