Commodity Exchange II
Commerce SSS1 Third Term
Commodity Exchange contd
The student should be able to:
1. Explain the term commodity exchange.
2. Explain the term tradable commodity.
3. State the requirements for trading.
Meaning of Commodity Exchange
Commodity exchange can be defined as an open and organized market place where ownership and titles to a certain quantity of tradable commodity are exchanged at a predetermined standardized price and quality. It can also be defined as an organized process and procedure where buyers and sellers of tradable commodities come into contact to exchange such commodities at a pre-determined price and quality.
Commodity exchange is characterized.... View More
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