"Locals" Trade Futures for Their Own Account

question 49

True/False

"Locals" trade futures for their own account.

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Definitions:

Probability

The measure of the likelihood that a specific event will occur.

Mutually Exclusive

A statistical term describing events that cannot occur at the same time, implying no overlap in their outcomes.

Event A

A specified occurrence or result in a probabilistic framework that is subject to study or analysis.

Event B

A term used in probability theory to denote a specific outcome or set of outcomes from a stochastic experiment.