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Examveda

Trading place where traders meet one another to communicate is classified as

A. outcry auction system

B. outcry system

C. face to face communication

D. money communication

Answer: Option A

Solution(By Examveda Team)

Trading place where traders meet one another to communicate is classified as outcry auction system. Open outcry is a method of verbal and hand signal communication used by traders at stock and futures exchanges. Signals and shouts convey trading information, intentions, and acceptance in the trading pits.

This Question Belongs to Commerce >> Financial Management

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