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Questions 6 and 7 are general questions dealing with futures contracts and forward contracts: Which of the following is not true: O A futures contract

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Questions 6 and 7 are general questions dealing with futures contracts and forward contracts: Which of the following is not true: O A futures contract goes through a clearing house. A futures contract is marked to market (cash settled) only at expiry of the contract. A short futures contract is profitable when the price of the underlying asset falls. A futures contract is closed out with a reversing trade

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