In 1876, the Belgian Society for the Elevation of the Domestic Cat trained 37 cats to deliver mail in Liège, Belgium. The cats successfully delivered the mail within 24 hours, but human delivery resumed shortly after. Other notable instances of cats in work roles include a cat in space, a cat managing a train station […]
Cheapest to deliver is a futures contract approach where sellers can substitute underlying assets to reduce delivery costs, potentially decreasing the contract’s value. Buyers can secure assets at set prices, but may receive lower quality assets upon contract expiration. “Cheaper to deliver” refers to an approach for some types of futures contracts where people can […]
