Financial Information Associate (FIA) Certification

What distinguishes a spot market transaction from a futures market transaction in commodities trading?

Spot delivers immediately at the current price; futures specifies delivery at a predetermined future date and price Spot transactions use leverage; futures require full upfront payment Spot markets are only for financial instruments; futures markets are exclusively for physical goods Spot transactions occur on exchanges; futures contracts are always traded over-the-counter

Correct Answer:

Spot delivers immediately at the current price; futures specifies delivery at a predetermined future date and price

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