单选题 The clearinghouse's futures position is relatively low-risk because: A. all its obligations to deliver are matched to other investors' obligations to make delivery. B. it is highly capitalized and backed by large credit lines. C. of both A and B.

【正确答案】 C

【答案解析】The clearinghouse is not a U. S. government agency nor is it insured by the U S government. As a result, its safety is reliant upon its net zero futures position, its credit lines, and high capitalization.