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15) The future market involves the almost-immediate purchase or sale of foreign exchange. II. does not involve the sale of futures, forwards, and options on

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15) The future market involves the almost-immediate purchase or sale of foreign exchange. II. does not involve the sale of futures, forwards, and options on foreign exchange. III. has more counterparty risk than the spot market. a) I only c) III only e) None of the above answers b) II only d) I & III only

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