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Final answer:Commodity rates, also known ascommodity prices, are the prices at which goods or raw materials are bought and sold in the market. They are determined by various factors such as supply and demand, production costs, market conditions, and government policies.Explanation:Commodity rates, also known ascommodity prices, are the prices at which goods or raw materials are bought and sold in the market. These rates are determined by various factors such assupply and demand,production costs,market conditions, andgovernment policies. Commodity rates play a crucial role in the economy as they affect the profitability of businesses, the cost of living for consumers, and the overall economic growth.Price indices, loading allowances, freight all kinds rates, and aggregate tender rates are different concepts related to commodity rates, but they are not the exact terms used to refer to commodity rates.Learn more aboutcommodity rateshere:brainly.com/question/34535334#SPJ14...