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Which of the following statements about closing a futures position through delivery is most accurate? A. Delivery is also known as exchange for physicals (EFP). B. Delivery can occur through the clearinghouse or by private party negotiation. C. Although the popularity of physical delivery has decreased over time, delivery by cash settlement remains the most popular method of closing a futures position. D. Depending on the wording of the contract, a trader may close a contract by either delivering the goods to a designated location or by making a cash settlement of any gains or losses. |