Dashboard / My courses / FNCE4477.1201.001.REG / Part II - Forward commitments / Quiz03 and Qu Question 10 1 Not complete Assume the holder of a futures position negotiates off the floor of the exchange with the holder of a short futures position to accept delivery to close out both the long and short positions. Which of the following statements about the transaction is true? The transaction is: Marked out of 1.00 10 F Flag question Select one: a. known as cash settlement 19 Finis! ob, known as an exchange for physicals c. not a legal transaction. US. Federal law requires that all transactions take place on the floor of the exchange Time ed, known as delivery Check Previous page Next page here to search