ICSE Class X Commercial Applications 2018 Solved Papers

SECTION - I

State one difference between each of the following :

Question : 1 of 33

Marks: +1, -0

Spot Market and Future Market

Solution:

Spot Market	Future Market
Spot market is a market place where goods are physically transferred from the sellers to the buyers at the current price. At spot market, traders are settled immediately.	Future market is a market place where buyers and sellers enter into future contracts without the intention of actual delivery of goods. Their purpose is to make profit out of fluctuations is prices.

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