Question 3 A. Explain the difference between the following terms and give examples of each term: i. Spot market and Futures market (4 marks) ii. Forward Contract and Future Contract (4 marks) B. The stock markets within the Caribbean and those internationally as we know it today may not be there in the next decade. Many transformations have been taking place and will continue to do so. Two of the major transformations are the growing cross-country listings, and mergers and acquisitions among stock exchanges of different countries. A single Caribbean Stock Exchange has been the dream of some CARICOM leaders for many years. You are required to: i. Explain THREE (3) objectives of a Caribbean Stock Exchange. (9 marks) ii. Outline THREE (3) possible benefits for having a Caribbean Stock Exchange