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The following statements are not associated with Futures, except: l. Futures are standardised contracts meaning that the government establishes the format of futures contract to

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The following statements are not associated with Futures, except: l. 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 IlI. 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 Select one a. Only Il and VI b. Only II c. Only I and Il d. Only VI e. Only II and V f. Only II, V and VI g. Only II and IV h. Only II, III and IV

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