The statement 'stock-index futures may be settled either by cash or by delivery of securities' is FALSE.
What are index futures?
Index futures refers to contracts for buying/selling a financial asset, which depends on the current price.
Index futures can be operated in the market via a suitable financial broker that is able to handle them.
In conclusion, the statement 'stock-index futures may be settled either by cash or by delivery of securities' is FALSE.
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