A prime function of an organized commodity exchange is to furnish an established marketplace where:
A)commodity prices can be controlled.
B)sellers of the same commodity can come together to set prices.
C)products that are difficult to grade can be traded.
D)there are only a limited number of buyers and sellers.
E)the forces of supply and demand operate freely.

Question

Quizplus · Accepted Answer

An organized commodity exchange primarily provides a platform where the forces of supply and demand can operate freely, determining the prices of commodities through market mechanisms.

A Prime Function of an Organized Commodity Exchange Is to Furnish