The purchase and sale of commodities for current delivery and consumption is known as dealing in the ____ market.

Question

Quizplus · Accepted Answer

Spot market refers to the market where commodities are bought and sold for immediate delivery and consumption. Futures market refers to the market where contracts for future delivery of commodities are bought and sold. Money market refers to the market for short-term borrowing and lending, while capital market refers to the market for long-term financing. Options market refers to the market where contracts that give the buyer the right, but not the obligation, to buy or sell a specific asset at a predetermined price are bought and sold.

The Purchase and Sale of Commodities for Current Delivery and Consumption