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1. What is a physical market?
A
A market where goods are sold illegally.
B
A market where buyers purchase goods through the internet.
C
A set up where buyers can physically meet the sellers and purchase merchandise.
2. What is a non-physical market?
A
A market where goods are sold illegally.
B
A market where buyers purchase goods and services through the internet.
C
A set up where buyers can physically meet the sellers and purchase merchandise.
3. What is an auction market?
A
A market where buyers purchase goods through the internet.
B
A market where the seller sells goods to the highest bidder.
C
A market where goods are sold illegally.
4. What is a market for intermediate goods?
A
A market where goods are sold illegally.
B
A market that sells raw materials required for the production of other goods.
C
A set up where buyers can physically meet the sellers and purchase merchandise.
5. What is a black market?
A
A market where buyers purchase goods through the internet.
B
A market where the seller sells goods to the highest bidder.
C
A setup where illegal goods like drugs and weapons are sold.
6. What is a knowledge market?
A
A setup that deals in the exchange of information and knowledge-based products.
B
A market where goods are sold illegally.
C
A set up where buyers can physically meet the sellers and purchase merchandise.
7. What is a financial market?
A
A market where buyers purchase goods through the internet.
B
A market dealing with the exchange of liquid assets (money).
C
A market where goods are sold illegally.
8. What is a stock market?
A
A form of market where sellers and buyers exchange shares.
B
A set up where buyers can physically meet the sellers and purchase merchandise.
C
A market where goods are sold illegally.
9. What is a bond market?
A
A market where goods are sold illegally.
B
A market where buyers purchase goods through the internet.
C
A market place where buyers and sellers exchange debt securities, usually in the form of bonds.
10. What is a foreign exchange market?
A
A set up where buyers can physically meet the sellers and purchase merchandise.
B
A market where goods are sold illegally.
C
A market where parties are involved in trading currency.