46) True or False: Forward contracts are usually customized to fit the specific needs of the parties involved.
47) What is the role of a clearinghouse in futures trading?
a) To provide a marketplace for trading futures contracts
b) To act as a counterparty to all trades, guaranteeing the performance of the contract
c) To provide a way to borrow money for futures trading
d) To provide a way to invest in stocks through futures contracts
48) How is the price of a futures contract determined?
a) By supply and demand in the marketplace
b) By the strike price of the underlying asset
c) By the expiration date of the contract
d) By the interest rate used to calculate the option premium
49) True or False: The price of a futures contract can fluctuate throughout the life of the contract.
50) What is rolling over a futures contract?
a) To extend the expiration date of the contract
b) To exchange one futures contract for another with a later expiration date
c) To exchange the underlying asset of the contract with another asset
d) To close out the position and realize the profit or loss
