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Basic Question 1 of 5
The smallest group of market participants in commodity futures markets is ______.
B. speculators
C. arbitrageurs
A. hedgers
B. speculators
C. arbitrageurs
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I am using your study notes and I know of at least 5 other friends of mine who used it and passed the exam last Dec. Keep up your great work!

Barnes
Learning Outcome Statements
describe types of participants in commodity futures markets;
CFA® 2025 Level II Curriculum, Volume 5, Module 33.