No answer text provided. Question 3 Which of the following is true about the Futures Market Clearinghouse? a. The Clearinghouse settles all transactions b. All members and brokers representing retail clients have accounts with Clearinghouse c. It guarantees all payments relating to settlement d. The Clearinghouse records all transactions e. Only a and bare true f. Only answers a, b, and care true 8. All of the above are true Question 4 Futures contracts are marked to market daily. What does this mean? This means that at the end of the day, you get an accounting of what your profit or loss would be for the day if you de Question 5 2.5 pts Your very old great grandfather lives in central Florida and has an uncanny ability to forecast the weather by paying attention to the vibrations of the metal pin in his leg that he got in the great war to end all wars (that would be WWI - he's really really old). You talk to him on the phone and he tells you that there will be a hard freeze tonight that no one suspects is coming and the freeze will damage the orange crop. You want to speculate on this information. You should call your futures broker and buy the frozen orange juice concentrate (FOJC) contract to open sell the frozen orange juice concentrate (FOJC) contract to open listen to his advice so he can make you broker . sell the frozen orange juice concentrate (FOJC) contract to close buy the frozen orange juice concentrate (FOJC) contract to close. 2.5 pts Question 6 If you are long in the spot market and you devise a futures contract position that will hedge that position, this is referred to as a short hedge