Question: 7. There are a number of differences between forward and futures contracts. Which one of the following statements is true? 1. Futures have more credit

7. There are a number of differences between forward and futures contracts. Which one of the following statements is true? 1. Futures have more credit risk than forward contracts. 2. Futures have more default risk than forward contracts. 3. Futures have more liquidity risk than forward contracts. 4. In futures, the exchange becomes the counter-party to all transactions

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