The __________ is the part of the exchange which takes on the responsibility of enforcing the contract after an agreement is struck.
A)trading floor
B)pit
C)clearinghouse
D)performance bond

Question

Quizplus · Accepted Answer

The clearinghouse is responsible for guaranteeing the performance of all parties to a trade. Once the agreement is made, the clearinghouse becomes the buyer to every seller and the seller to every buyer, ensuring that all obligations are met.

The __________ Is the Part of the Exchange Which Takes