The _________ price is the price of a commodity or financial instrument for delivery today.
A) arbitrage
B) cash
C) immediate
D) futures
E) outcry

Question

Quizplus · Accepted Answer

The term "cash" refers to the spot price or the price of a commodity or instrument for immediate delivery. The other options are not the correct terms for this definition: 
A) Arbitrage refers to the practice of taking advantage of price differences in different markets.
C) Immediate is an adjective used to describe the spot price, but it is not a term used to refer specifically to the spot price.
D) Futures are contracts in which parties agree to buy or sell a commodity or instrument at a future date for a predetermined price.
E) Outcry refers to a type of trading in which traders shout and use hand signals to buy and sell commodities on the trading floor.

The _________ Price Is the Price of a Commodity or Financial