led to the birth of the futures market, and the underlying system of grading grain and receipting issuing warehouse receipts on the basis of which trade could be done.

(j) Funds on deposit in interest bearing bank accounts, certificates of deposit, time deposits and call accounts are shown in the statements of assets and liabilities as cash.

Well, the need to avoid these huge risks and tremendous losses led to the birth of the futures market, and the underlying system of grading grain and receipting issuing warehouse receipts on the basis of which trade could be done.