True or false :

1.Futures contracts are similar to forward contracts because they both represent

2.Credit risk is handled in forward markets by daily marking-to-market.

3.A limit move is when a futures price reaches its all time high or low price.

4.When futures accounts are marked-to-market, an account balance below the maintenance margin must be brought up to the initial margin.

5.One party to a forward transaction does not bear the risk that the other party will default.

6.A hedge fund is a very risky form of investment.

7.CBOE option market makers are also called liquidity providers.

8.The daily settlement procedure is a major similarity between futures contracts and forward contracts.

9.Each futures contract has both a long and a short position and counts as only one unit of open interest.

10.An investor who is long an over-the-counter call option is exposed to the risk that the call writer will default on her obligations should the call option end up in-the-money.

11.The largest futures exchange in the United States is the EMC Group.