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

Question

Quizplus · Accepted Answer

An organized commodity exchange provides a platform where the forces of supply and demand can operate freely, allowing for transparent and efficient price discovery.

The Prime Function of an Organized Commodity Exchange Is to Furnish