Examlex
Which of the following statements is TRUE?
Profit
The financial gain realized when the amount of revenue gained from a business activity exceeds the expenses, costs, and taxes involved in sustaining the activity.
Silver Future
A contract to buy or sell a specific amount of silver at a predetermined price at a specified time in the future, used as a financial instrument for speculation or hedging.
Spot Price
The current market price at which a particular asset, such as a commodity or currency, can be bought or sold for immediate delivery.
Profit
The profit achieved when the revenue from a business operation is greater than the expenses, costs, and taxes required for the operation.
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