The __________ is the part of the exchange which takes on the responsibility of enforcing the contract after an agreement is struck.
A)trading floor
B)pit
C)clearinghouse
D)performance bond

Question

Quizplus · Accepted Answer

The clearinghouse is responsible for enforcing the contract after an agreement is struck. It acts as a middleman between buyers and sellers, ensuring that both parties fulfill their contractual obligations. The trading floor and pit are physical locations where trading takes place, while a performance bond is a financial instrument used to ensure that traders fulfill their contractual obligations.

The __________ Is the Part of the Exchange Which Takes