Question: 2. What are the differences among a spot contract, a forward contract, and a futures contract? 4. What is the purpose of requiring a margin

2. What are the differences among a spot contract, a forward contract, and a futures contract?

4. What is the purpose of requiring a margin on a futures or option transaction? What is the difference between an initial margin and a maintenance margin?

8. What is an option? How does an option differ from a forward or futures contract?

13. What factors affect the value of an option?

15. What is a swap?

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