problem: Describe whether the following statements are true or false.

[A] Derivative transactions are designed to increase risk and are used almost exclusively.

[B] The New York Stock Exchange is an ex of a stock exchange that has a physical location.

[C] A larger bid-ask spread means that the dealer will realize a lower profit.

[D] Hedge funds generally charge higher fees than mutual funds.

[E] Hedge funds have traditionally been highly regulated.

[F] The efficient market hypothesis assumes that all investors are rational.