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Practice Listening: Fill in the Blanks (Type In)
ID: #30260
Short
Trade 3
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Almost everyone has heard of the London Stock Exchange, but few know anything about the London Metal and Commodity Exchanges - yet these markets have a greater on world economies because they set global prices for some of the essential raw materials for industry and food .
The LME provides three basic services to the world's non-ferrous metal trade. First, it is a market where large or small of metal of a guaranteed minimum standard can be bought and sold on specific trading days. Second, it acts as a barometer of world metal prices. And third, it is a "hedging" medium: that is, it can help traders get some protection from price fluctuations that occur for economic, political or reasons.
The LME provides three basic services to the world's non-ferrous metal trade. First, it is a market where large or small of metal of a guaranteed minimum standard can be bought and sold on specific trading days. Second, it acts as a barometer of world metal prices. And third, it is a "hedging" medium: that is, it can help traders get some protection from price fluctuations that occur for economic, political or reasons.
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