Which of these statements is true about commodities?

The statement describing commodities as including bulk goods such as metals and foods is accurate because commodities are physical, tangible products that can be bought and sold. They typically fall into categories like agricultural products (such as corn and wheat), energy sources (like oil and gas), and metals (including gold, silver, and copper). This broad classification helps establish a market where these goods can be traded, and they are often standardized to facilitate transactions.

The nature of commodities as bulk goods contributes significantly to various markets and economic indicators, reflecting supply and demand dynamics that affect pricing across different sectors. This understanding is essential for anyone involved in financial services auditing or related fields, as commodities play a crucial role in global trade and investment strategies.