Question: 3. Explain the 3 basic differences between the operation of a currency forward market and a futures market. 4. What is the major difference in

3. Explain the 3 basic differences between the operation of a currency forward market and a futures market.

4. What is the major difference in the obligation of one with a long position in a futures (or forward) contract in comparison to an options contract?

5. Give four reasons why investors invest the lion's share of their funds in domestic securities?

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