Requirements for trading - SS1 Commerce Past Questions and Answers - page 1
What is a requirement for trading on a commodity exchange?
Having a membership with a registered broker
Owning a warehouse for storing commodities
Demonstrating compliance with taxation regulations
What is the purpose of the grading system in commodity exchanges?
Assessing the financial resources of traders
Determining the delivery schedule for commodities
Evaluating the quality and characteristics of commodities
What is the role of warehousing in commodity trading?
Assessing the financial stability of traders
Setting the standardized contract terms
Providing storage facilities for commodities
Setting the standardized contract terms
Setting the standardized contract terms
Grading commodities based on their quality
Standardizing contract terms for trading
What does standardizing refer to in commodity exchanges?
Assessing the financial stability of traders
Establishing consistent contract terms for trading
Evaluating the quality and characteristics of commodities
Name one requirement for trading on a commodity exchange.
Define the grading system in commodity exchanges.