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The best way to be able to see what binary answers are is so that you can imagine them due to the fact contracts between two people that specify that A surely pay B a new amount equal returning to X if a certain financial plus is above (or below - hinging on on B's choice) Price Y caused by Time Z. So, for example, A agrees to pay B $200 if the Euro-US Dollar rate could be described as above 1.3455 to 13:00 GMT today.

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