Utility
Necessity
Commodity
Stock
Answer is Wrong!
Answer is Right!
The correct answer is C. Commodity.
A commodity is a good that is widely available and has no distinct characteristics from other goods of the same type. Commodities are typically traded on an exchange, and their prices are determined
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by supply and demand.
Some examples of commodities include:
- Agricultural products: wheat, corn, soybeans, coffee, sugar, cotton
- Metals: gold, silver, copper, iron ore, oil
- Energy: crude oil, natural gas, coal
- Livestock: cattle, hogs, sheep
Commodities are often used as a hedge against inflation or other economic risks. They can also be used as a way to diversify an investment portfolio.
Option A, utility, is incorrect because it refers to something that is useful or serves a purpose. Option B, necessity, is incorrect because it refers to something that is essential or required. Option D, stock, is incorrect because it refers to shares in a company.