Buyers of financial assets: a. Remove the assets from their balance sheet. b. Accounts for the losses or gains on their income statements C. Add the item purchased to their balance sheet. d. Add the item purchased to their income statements. 10. Seller of a futures contract: a. Agrees to receive the underlying futures price or to deliver the underlying asset. b. is said to be short futures. C. Is said to be long futures. d. Both (a) and (b). 11. The following is (are) advantage(s) of capital market instruments when compared to money market instruments: a. They are readily marketable. b. Higher resale value when interest rates fall. c. Higher expected rate of return. d. (b) and (c)