All of the Following Are Roles of a Exchange EXCEPT

question 12

Multiple Choice

All of the following are roles of a exchange EXCEPT

• A)instituting margin requirements on futures contracts.
• B)marking to market at the end of each day.
• C)eliminate the need for buyers and sellers of futures contracts to be concerned about the creditworthiness of each other.
• D)reducing the default risk involving forward contracts.

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Definitions:

Code of Professional Conduct

A set of guidelines and ethical standards designed to govern the behavior and decision-making processes of professionals within a specific field or organization.

Business People

Individuals engaged in commercial, industrial, or professional activities, often with the aim of generating profit.

Provincial Business Society

A regional organization or association focused on the promotion and support of local business endeavours and interests.

Lawyer-Client Relationship

The professional association between a lawyer and their client, characterized by trust, confidentiality, and the obligation to provide competent legal representation.