Question

    Which of the following is not a characteristic of

    bullion? 1) It is traded on commodity exchanges. 2) It is typically bought and sold based on its weight and purity. 3) It may be in the form of coins.
    A 1 only Correct Answer Incorrect Answer
    B 1 and 3 only Correct Answer Incorrect Answer
    C 2 and 3 only Correct Answer Incorrect Answer
    D 2 only Correct Answer Incorrect Answer
    E 1, 2 and 3 Correct Answer Incorrect Answer

    Solution

    Bullion is traded on commodity exchanges and is typically bought and sold based on its weight and purity. Therefore, statement 2 is correct. However, it is not necessary for bullion to be in the form of coins or jewelry. Therefore, statements 1 and 3 are correct.

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