Another distinguishing characteristic of futures, compared to forwards, is that futures are

Question 19 options:

1)	used to hedge portfolios.
2)	used to hedge individual securities.
3)	used in both financial and foreign exchange markets.
4)	marked to market daily.

Who would be most likely to SELL stock index futures contract?

Question 20 options:

A)	A mutual fund manager who believes the market will fall
B)	A mutual fund manager who believes the market will be stable
C)	None of the above would be likely to purchase a futures contract