1. The " 3 Z's" of derivatives include: I) Zero-Sum Game; II) Zero-Supply Contract; III) Zero-Trading Costs; IV) Zero-Initial Value; V) Zero-Risk a. I, III, and V b. I, II, and III c. II, III, and IV d. I, II, and IV 2. "Zero-Initial Value" means that: a. Forward contract has "zero default risk" when it is traded b. Forward contract has "zero value" when it is created c. Forward contract has "zero transaction cost" when it is traded | d. All of the above 3. Which of the following is currently traded in the exchange-traded derivatives markets: I ) Futures on Onion; II) Futures on Bitcoin; III) Futures on Cheese; IV) Futures on California Water Index a. I, II, III, and IV b. II and III only c. II, III, and IV only d. I only 4. Which of the following is traded in the Over-the-Counter (OTC) derivatives markets: I) Forward on Exchange Rate; II) Forward on Interest Rate; III) Futures on S\&P Index; IV) Futures on Gold a. I and II only b. III and IV only c. I only d. I, II, III, and IV