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20. October gold futures have just opened for trading. John buys 90 contracts from Matt. Then, John sells 40 contracts to Kate. Finally, Matt buys

20. October gold futures have just opened for trading. John buys 90 contracts from Matt. Then, John sells 40 contracts to Kate. Finally, Matt buys 20 contracts from John. After these three trades, the open interest is:
a.
20 contracts
b.
30 contracts
c.
70 contracts
d.
80 contracts
e.
120 contracts

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