Question: True or false( no explaination needed) 1. a recombining Binomial tree model is a Markov process. True or False 2. A brownian motion is a

True or false( no explaination needed)
1. a recombining Binomial tree model is a Markov process.
True
or
False
2. A brownian motion is a Markov process
True
or
False
3. A calendar spread of a futures contract have a negative price
True
or
False
4. A brownian motion is a continuous version of a random walk.
True
or
False

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