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A futures contract I. Carries an obligation to buy or sell the underlying asset II. Does not require daily marking to market III. Is standardized

  1. A futures contract

    I. Carries an obligation to buy or sell the underlying asset

    II. Does not require daily "marking to market"

    III. Is standardized regarding the quality and quantity of the underlying asset

    a.

    II only
    b.

    I only
    c.

    III only
    d.

    I and III
    e.

    I and II

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