Question
The following statements are not associated with Futures, except: I. Futures are standardised contracts meaning that the government establishes the format of futures contract to
The following statements are not associated with Futures, except:
I. Futures are standardised contracts meaning that the government establishes the format of futures contract to be traded between parties over-the-counter;
II. "Exchange-traded" is one of characteristics of a futures contract;
III. In the futures market the investor should carry out a transaction opposite to one to be conducted in the physical market in a future date;
IV. In future the transactions should be repeated in order to maintain the conditions of a zero-sum game;
V. Clearing house marks-to-market futures contracts in order to anticipate future market valuations;
VI. Maintenance Margin Calls are used to top up the initial margin to ensure the future ability of the party to futures contract to perform its obligations.
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