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a)Distinguish between a forward and a futures contract? b)(i) What is the Lombard window? (ii) Explain any five requirements for accessing the Lombard window. c)(i)

a)Distinguish between a forward and a futures contract?

b)(i) What is the Lombard window?

(ii) Explain any five requirements for accessing the Lombard window.

c)(i) What are financial markets?

(ii) Explain any three major functions of financial markets.

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