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JAMB Commerce 1995 Question 26

Question 26

Stock Exchange

Spot market goods are those which are available for

  1. A.immediate delivery
  2. B.short-term delivery
  3. C.long-term delivery
  4. D.end of year delivery.
Show the answer and explanation

Answer: A (immediate delivery)

Explanation

On the spot market, goods are paid for and delivered at once, unlike the futures market.