Question: 7. The basic difference(s) between forward and futures contracts is that a) forward contracts are individually tailored while futures contracts are standardized b) forward contracts

7. The basic difference(s) between forward and futures contracts is that a) forward contracts are individually tailored while futures contracts are standardized b) forward contracts are negotiated with banks whereas futures contracts are bought and sold on an organized exchange c) forward contracts have no daily limits on price fluctuations whereas futures contracts have a daily limit on price fluctuations d) all of the above
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