The Clearinghouse Is the Middleman in a Futures Trade

question 29

True/False

The clearinghouse is the middleman in a futures trade.

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Definitions:

Community College

A type of educational institution providing higher education and lower-level tertiary education, granting certificates, diplomas, and associate's degrees.

University

An institution of higher education and research, which grants academic degrees in a variety of subjects.

Saltwater Fishing

The practice of fishing in ocean waters, distinct from freshwater fishing, targeting sea fish species.

Black Bass

A common name for several species of fish in the sunfish family, popular among anglers for sport fishing.