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In terms of open interest, which of the following is incorrect? A. It is the outstanding number of contracts. B. It is decreasing as the

In terms of open interest, which of the following is incorrect?

A. It is the outstanding number of contracts.

B. It is decreasing as the maturity approaching.

C. It can be a measure of the market liquidity level.

D. The end-of-day open interest will be higher than the trade volume when there are a

large number of trades.

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