Business, 17.09.2019 21:00 sophiamoser
The chicago mercantile exchange has announced the introduction of a financial instrument that is based on rainfall in the state of illinois. the standard agreement states that for each inch of rain over and above the average rainfall for a particular month, the seller will pay the buyer $1,000. this instrument could be sold by someone who from above average rainfall, and someone who by above average rainfall should buy the contract.
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