25) All of the following are roles of a derivative exchange EXCEPT: A) maintaining margin requirements on futures contracts B) reducing the default risk on forward contracts C) performing daily mark-to-market D) reducing the concern of the creditworthiness of market participants 19) Which of the following would cause the nominal exchange rate to appreciate? A) The real exchange rate depreciates. B) The government budget deficit decreases. C) The domestic inflation rate increases. D) The domestic inflation rate decreases. 4) Hedgers in the derivatives market are primarily interested in: A) providing liquidity to users B) reducing the price risk of their assets C) managing their default risk D) betting on anticipated changes in prices