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What is a commodity market?
A market where raw materials or primary agricultural products are bought and sold
A market where luxury goods are traded
A market where only stocks and bonds are exchanged
A market where services are bartered
Which of the following are participants in a commodity market?
Farmers
Speculators
Bakers
Miners
Retailers
What is the main purpose of hedging in commodity trading?
To reduce the risk of price fluctuations
To maximize profits
To manipulate market prices
To increase competition
Which of the following factors can influence commodity prices?
Supply and demand dynamics
Geopolitical events
Weather conditions
Social media trends
What is the role of a commodity broker in the commodity market?
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