2. Which of the following contract terms is not set by the futures exchange?

A.the price

B.the dates on which delivery can occur

C.the deliverable commodities

D.the expiration months

3.Which of the following duties is not performed by the clearinghouse?

A.maintaining records of transactions B.holding margin deposits C.guaranteeing performance of buyer and writer

D.lending money to meet margin requirements

6.If the initial margin is $4,000, the maintenance margin is $3,000 and your balance is $2,800, how much must you deposit?

A. $1000

B. 0

C.$200

D.$1200

10.Which of the following statements is TRUE? I. Locals are futures traders who are in business for themselves. II. Position traders are futures traders who take very large positions.

A. I

B. II

C. Both I and II are not true

D. Both I and II are true