ICSE Class X Commercial Applications 2018 Solved Papers

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SECTION - I

State one difference between each of the following :
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Question : 1
Total: 33
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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