Question: Which is a true statement? 1 . One advantage of forward contracts is that they are default free 2 . Goods are never delivered under

Which is a true statement?
1.One advantage of forward contracts is that they are default free
2. Goods are never delivered under forward contracts but are almost always delivered under future contracts
3. There are futures contracts for currencies but no forward contracts for currencies
4. future contracts do not have any margin requirements but forward contracts do
5. Future contracts generally trade on an organized exchange and are marked to market daily

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