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11 What of the following is not true of derivative markets: [5 points] O Transaction costs in derivative markets are lower than in the underlying

11 What of the following is not true of derivative markets: [5 points] O Transaction costs in derivative markets are lower than in the underlying assets' markets. They facilitate the allocation of risk in the market. O They are not more or less volatile than spot markets. Trading in derivative markets is more expensive than trading in stock markets

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