Security and commodity exchanges are trading posts where people meet who wish to buy or sell. The exchanges themselves do no trading; they merely provide a place where prospective buyers and sellers can meet and conduct their business.
Wall Street, although the best known, is not the only home of exchanges in the United States. There are the cotton exchanges in New Orleans and Chicago; the Mercantile Exchange, which deals in many farm products, in Chicago; and grain exchanges in many of the large cities of the Midwest. Some exchanges, like the Chicago Board of Trade, provide market services for several kinds of products. These trading posts where products may be bought or sold are called commodity exchanges.
The security exchanges, on the other hand, are meeting places where stocks and bonds are traded. Like the commodity exchanges, they help serve the economic life of the country. But when their operations get out of hand, they may become very dangerous. In 1929,
A. securities
B. grain
C. bonds
D. both A and C
Security and commodity exchanges are trading posts where people meet who wish to buy or sell. The exchanges themselves do no trading; they merely provide a place where prospective buyers and sellers can meet and conduct their business.
Wall Street, although the best known, is not the only home of exchanges in the United States. There are the cotton exchanges in New Orleans and Chicago; the Mercantile Exchange, which deals in many farm products, in Chicago; and grain exchanges in many of the large cities of the Midwest. Some exchanges, like the Chicago Board of Trade, provide market services for several kinds of products. These trading posts where products may be bought or sold are called commodity exchanges.
The security exchanges, on the other hand, are meeting places where stocks and bonds are traded. Like the commodity exchanges, they help serve the economic life of the country. But when their operations get out of hand, they may become very dangerous. In 1929,
A. stocks
B. grain
C. securities
D. all of these
Art. No | Commodity Tins Perease Net weight/per Tin |
C301 C302 C303 C304 | Sliced Pork 60 170 Stewed Pork 36 350 Curry Beef 60 201 Stewed Pork Ribs 36 350 |
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