Which of the following statements about "positive net supply" and "zero net supply" markets is false?

In a zero net supply market, you don't need to borrow the asset in order to short a contract.

A derivative contract is only created when there is a long and a short counter-party.

The stock market can be thought of as a zero net supply market.

Trading in a zero net supply market is a zero-sum game.

14

10 points