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Which of the following statements is not true regarding the Futures Market Clearinghouse? a)Guarantees...

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Accounting

Which of the following statements is not true regarding the Futures Market Clearinghouse?

a)Guarantees both sides of a futures contract

b) It is owned and capitalized by the U.S. government

c) It guarantees the quality of the goods delivered

d) It eliminates counterparty credit risk

e) It acts as a banker, transferring funds from the loser's account to the winner's account

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