Question: a) Explain the basic differences between the operation of a currency forward market and a futures market. b) For a derivatives marke to function most

a) Explain the basic differences between the operation of a currency forward market and a futures market. b) For a derivatives marke to function most efficiently, two types of economic agents are needed: Hedgers and Speculators. Explain about hedgers and speculators with the help of an example

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