Question

Which of the following markets are classified on the basis of nature of transactions? (a) Local and Regional markets (b) Retail & Wholesale (c) Regulated and Un-regulated (d) Spot market and Future market

Answer 1

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Option (D) is correct

☆Spot Market: This is where spot transactions occur, that is the money is paid immediately. There is no system of credit

☆Future Market: This is where the transactions are credit transactions. There is a promise to pay the consideration sometime in the future.