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