QUESTION 9 Which of the following regarding futures contracts is least accurate? O a. A futures contract is essentially a standardized and marketable forward contract. b. Futures markets use a clearing house to mitigate default risk. O C. Futures contracts can be used to lock in the future selling price of a commodity O regardless of future changes in spot market prices. O d. The basis in futures is similar to a basis point in bonds. QUESTION 10 Which of the following regarding margin requirements for futures contracts is least accurate? a. Margin requirements for futures contracts are generally significantly lower than requirements for equities. b. The maintenance margin is always smaller than the initial margin. c. The maintenance margin is only required for sellers of futures contracts. d. The initial margin is the money placed with the clearing house when the trade is initially executed