Statement A: On the basis of location, markets are classified as local, regional, national and world markets
Statement B: In cash markets the purchase and sale of a commodity takes place at time “t‟ but the exchange of the commodity takes place on some specified date in future i.e., time t + 2.
Choose the correct statement:
1
Statement A and B are correct
2
Statement A and B are wrong
3
Statement A is correct and statement B is wrong
4
Statement B is correct and statement A is wrong