The method of auction of future contract in which the traders sell their future contracts at a specified price, by crying out in louder voices is classified as _____________?
Correct answer: D. open outcry auction
- A. traders gathered auction
- B. close outcry auction
- C. specified auction
- D. open outcry auction
Explanation
In an open outcry auction, traders communicate bids and offers vocally on the trading floor. The other descriptions are not standard names for this futures-market method.
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