24. In relation to futures, which is correct?

Select one:

a.

At maturity the futures trader is required to pay the difference between the contract start and close values.

b.

A futures contract is defined as a standardised agreement to buy or sell a particular asset or commodity at a future date at a currently agreed on price.

c.

Futures are traded in over-the-counter securities markets.

d.

Futures represents a right to buy or sell a particular asset or commodity at a future date at a currently agreed on price.

e.

When a futures trader first buys a futures contract they are required to pay a maintenance margin to the broker.