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Which of the following statements is false? a. Futures contract involve only one cashflow. b. A futures contract is an exchange-tradeable contract. c. A futures

Which of the following statements is false?

a. Futures contract involve only one cashflow.

b. A futures contract is an exchange-tradeable contract.

c. A futures contract is a non-negotiable instrument.

d. Futures contract are not subject to default risk.

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