9. Economic functions of derivatives markets include: (hint: review Class #2 presentation, p. 8) a. Price discovery and informational efficiency b. Risk management and financial engineering c. Operational advantages and leverage d. All of the above 10. The Onion Futures Act of 1958 banned Onion Futures due to: a. Market manipulation b. Windy weather in Chicago c. High costs of producing onions d. Smell and tears caused by onions 11. Which of the following is True? a. Futures and options are identical derivatives contracts b. Futures and Forward contracts are traded in the same market c. Forward contracts provides the obligation to buy or sell at a certain price in the future d. Forward contracts provides the right but not the obligation to buy or sell at a certain price in the future 12. As discussed in Class #2, which of the following is one of the main purposes of open outcry and floor trading in the Futures Exchanges? (hint: see p. 17 , Section 1.4 of Class #2 presentation) a. Maximizing default risk b. Hiding price information c. Facilitating price discovery d. Discouraging trading activities