The Fact That the Exchange Is the Counterparty to Every

question 9

Multiple Choice

The fact that the exchange is the counterparty to every futures contract issued is important because it eliminates ________ risk.

• A) market
• B) credit
• C) interest rate
• D) basis

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Definitions:

SalesPrice Field

A specific field in a database designated to hold the sales price of items or services.

Sum

An aggregate function in database and spreadsheet software that calculates the total of a set of numerical values.

Subtotal Query

A database query that generates a subtotal of aggregated data based on specified criteria, often used in reporting and analysis.

Query Design Grid

A graphical user interface in database software that assists users in building queries by defining fields, sort orders, and criteria visually.