Select one of the following statements and give your interpretation of what is meant. Do you think the statement is accurate? What conditions would make it more or less true?

a$.$ "The existence of financial futures contracts allows our firm to hedge against temporary market declines without liquidating our portfolios."

b$.$ "Given my confidence in the market, I plan to use stock index futures to increase my exposure to market movements."

c$."$We used currency futures to hedge the exchange rate exposure of our international mutual fund focused on German stocks."

d$.$ "Our firm took a hit because we wrote put options just before the stock market crash."

e$.$ "Before hedging our stock portfolio with options on index futures, we search for the index that is most appropriate."

f$."$We prefer to use covered call writing to hedge our stock portfolios."

g$.$ "The swaps market is another Wall Street$-$developed house of cards."

h$."$As a dealer in interest rate swaps, our bank takes various steps to limit our exposure."

i$.$ "The regulation of commercial banks, securities firms, and other financial institutions that participate in the swaps market could create a regulatory war."