By acting as the counterparty to every futures position, the exchange eliminates the A) market B) credit C) interest rate D) basis risk.

International Financial Management
14th Edition
ISBN:9780357130698
Author:Madura
Publisher:Madura
ChapterP1: Part 1: Integrative Problem: The International Financial Environment
Section: Chapter Questions
Problem 5Q
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By acting as the counterparty to every futures position, the exchange eliminates the A) market B) credit C) interest rate D) basis risk.

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