Commodity exchange - SS1 Commerce Past Questions and Answers - page 1
What is a commodity exchange?
A marketplace for trading goods and services
An organized marketplace for trading commodities
A platform for trading stocks and bonds
Which of the following is NOT a type of tradable commodity?
Agricultural produce
Precious metals
Textile products
What are solid minerals?
Minerals found in the earth's crust
Minerals used for agricultural purposes
Minerals used in the manufacturing of electronics
Which industry relies on oil and gas commodities?
Telecommunications
Tourism and hospitality
Energy and transportation
What is the main purpose of commodity exchanges?
Risk management
Price discovery
All of the above
Define a commodity exchange in simple terms.
Name one type of tradable commodity other than agricultural produce, solid minerals, or oil and gas.