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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:

20 contracts

30 contracts

70 contracts

80 contracts

120 contracts

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