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    Question

    In which type of market does the exchange of commodities

    take place on a specified future date?
    A Local or Village Markets Correct Answer Incorrect Answer
    B Forward Markets Correct Answer Incorrect Answer
    C Terminal Markets Correct Answer Incorrect Answer
    D Wholesale Markets Correct Answer Incorrect Answer

    Solution

    Forward markets involve the purchase and sale of a commodity at one time, with the exchange occurring on a specified future date

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