Which of the following would be the best example of a spot market?
A) the market for fine art
B) the market for bananas
C) the market for stocks and bonds
D) the market for baseball cards

Question

Quizplus · Accepted Answer

A spot market is a market where goods are sold for immediate delivery or payment. The market for bananas can be considered a spot market as they are perishable goods that are sold and exchanged immediately. The other options involve goods that may be held for a longer period of time before they are sold.

Which of the Following Would Be the Best Example of a Spot