Which one of the following is the price of a commodity designated for delivery today?
A)daily price
B)marked price
C)margin price
D)arbitrage price
E)cash price

Question

Quizplus · Accepted Answer

The price of a commodity designated for delivery today is called the cash price. Therefore, the correct choice is E, cash price. A is incorrect because the daily price could refer to a price that changes every day, but it doesn't necessarily mean it's the price for delivery today. B is incorrect because the marked price could refer to the price listed by a retailer or seller, but it doesn't necessarily reflect the price for delivery today. C is incorrect because the margin price refers to the amount added to the cost of production to determine the selling price, but it doesn't necessarily reflect the price for delivery today. D is incorrect because the arbitrage price refers to the price difference for the same commodity in different markets, but it doesn't necessarily reflect the price for delivery today.

Which One of the Following Is the Price of a Commodity