What Type of International Commodity Agreement Involves the Purchase of the Commodity

question 33

Multiple Choice

What type of international commodity agreement involves the purchase of the commodity when its price falls below an agreed minimum price,and the sale of the commodity when its price rises above the established maximum price?

• A)Buffer stock
• B)Export controls
• C)Purchase contracts
• D)Marketing Board

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Definitions:

Trout

A common name for several species of freshwater fish belonging to the genera Oncorhynchus, Salmo, and others, often prized for sports fishing and as food.

Business Trip

A journey undertaken for work-related purposes, often involving travel outside the individual's regular place of employment.

Bailment

The act of temporarily placing control over or possession of personal property in the hands of another, for a specified purpose.

Tangible

Anything that can be physically touched or is material in nature.