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← Hard and Soft Commodities
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Question
What is the primary characteristic that defines something as a commodity rather than an ordinary product?
1
It is fungible — one unit of the same grade is interchangeable with any other
2
It must be an input to manufacturing rather than a consumer good
3
It must be produced in large quantities and traded on an exchange
4
It must be physically storable for extended periods
Press 1–4 to pick an answer
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