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1. Differentiate between cash settlement and physical settlement with respect to futures market. 2. Briefly explain the concepts of margins, marking to market, and open
1. Differentiate between cash settlement and physical settlement with respect to futures market.
2. Briefly explain the concepts of margins, marking to market, and open interest in terms of futures market.
3. Compare and contrast forward markets and futures market.
4. Define a Swap. Explain briefly the role of swaps in the development of financial markets.
5. What is currency swap? Compare simple currency swap with comparative advantage currency swap.
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