CFA Practice Question

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CFA Practice Question

The clearinghouse is ______.
A. closely associated with the futures exchange
B. a department of the Federal Reserve
C. an independent entity with no ties to the futures exchange
Explanation: The clearinghouse is not an agency of the U.S. government. It is closely tied to the exchange and must cooperate closely with its associated exchange.

User Contributed Comments 1

User Comment
iceluke important! its NOT independent
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