Question: What are some differences between forward and futures contracts? Select all that apply. Futures are standardized contracts; forwards are not. Futures reduce or eliminate counterparty

What are some differences between forward and futures contracts? Select all that apply.
Futures are standardized contracts; forwards are not.
Futures reduce or eliminate counterparty risk.
Forwards traded on derivative exchanges; futures trade OTC.
Futures are typically more liquid than forward contracts.

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