11. If one person gains from a financial transaction, someone else loses. Thus, fu tures markets benefit
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11. “If one person gains from a financial transaction, someone else loses. Thus, fu¬ tures markets benefit either buyers or sell¬ ers, but not both.” Is this statement true or false? Explain.
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Related Book For 
Money Banking And Financial Markets An Economic Approach
ISBN: 9780395643952
1st Edition
Authors: Michael R. Baye, Dennis Jansen
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