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Which of the following characteristics apply to futures contracts? I. Futures contracts are in important tool to control risk. II. Futures contracts are highly risky

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Which of the following characteristics apply to futures contracts? I. Futures contracts are in important tool to control risk. II. Futures contracts are highly risky and involve speculation. III. Futures contracts specify both the quantity of the item. IV. the Buyer must hold the contract until maturity. I and II only II and IV only I, II and III only I, II, III and IV

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