Question: Forward contracts contain: Question 1 options: a ) a commitment to the owner, and are standardized. b ) a commitment to the owner, and can

Forward contracts contain:
Question 1 options:
a)
a commitment to the owner, and are standardized.
b)
a commitment to the owner, and can be tailored to the owner's desire.
c)
a right but not a commitment to the owner, and can be tailored to the owner's desire.
d)
a right but not a commitment to the owner, and are standardized.

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