The following type of asset is a commodity:
A)Cocoa.
B)Debentures.
C)Preferred stock.
D)Oil rights.

Name: The following type of asset is a commodity: A)Cocoa. B)Debentures. C)Preferred stock. D)Oil rights.
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Question

Quizplus · Accepted Answer

A commodity is a basic good that is interchangeable with other products of the same type, such as agricultural products or raw materials. Cocoa is an example of such a product. Debentures, preferred stock, and oil rights are financial assets, not commodities.

The Following Type of Asset Is a Commodity