Commercial Applications
In ……………, the purpose is to make profit out of fluctuation in prices.
- Spot market
- Future market
- Catalogue market
- Secondary market
Markets & Marketing
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Answer
Future market
Reason — In a future market, buyers and sellers enter into future contracts without the intention of actual delivery of goods. Their purpose is to make profit out of fluctuations in prices. In a spot market, on the other hand, goods are physically transferred from sellers to buyers.
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