Question
Which of the following factors does not affect the
price of bullion? 1) Supply and demand. 2) Economic and political conditions. 3) The carat value of the bullion.Solution
Statement 1 and 2 are correct as supply and demand and economic and political conditions can affect the price of bullion. However, statement 3 is incorrect as the carat value or purity of the bullion is an important factor that affects its price.
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