True or false( no explanation needed)

1. A crude oil futures contract can have a negative price, meaning that a buyer will get paid for taking the delivery of the crude oil.

• True or False

2) CME Canadian dollar futures is physically settled, meaning that on the expiry the seller has no deliver Canadian dollars to the buyer of the future.

• True or False

3) Black-scholes-Merton assume that the underlying process for the stock price is Markov process

• True or False