There Are Three Advantages of Using Interest Rate Futures Instead

Multiple Choice

There are three advantages of using interest rate futures instead of the cash market (trading long-term Treasuries themselves) . One of these advantages is that ________.

A) the transactions costs of using futures are higher than those in the corresponding cash market.
B) margin requirements are lower for futures than for Treasury securities; using futures thus permits less leverage.
C) it is easier to take a short position in the futures market than to sell short in the Treasuries market.
D) All of these