2 points QUESTION 1 (CFA) Which of the following statements about futures market is least accurate? Hedgers trade to reduce some preexisting risk exposure. The clearinghouse guarantees that traders in the futures market will honor their obligations. O if an account rises to or exceeds the maintenance margin, the trader must make a deposit. 2 points Save Answer QUESTION 2 (CFA) The daily process of adjusting the margin in a futures account is called: Variation margin Marking to market. Maintenance margin 2 points QUESTION 3 (CFA) Three 125,000 euro futures contracts are sold at a price of $1.0234. The next day the price settles at $1.018. The mark.to-market for this account changes the previous dayd s margin by: +5675. -5675 +52,025 QUESTION 4 2 points Seven The basis is defined as spot minus futures. A trader is hedging the sale of an asset with a short futures position. The basis increases unexpectedly. Which of the following is true? The hedgeras position improves The hedgeras position worsens The hedgeras position sometimes worsens and sometimes Improves The hedgerds position stays the same