Which of the Following Items Is Not Specified in a Futures

Multiple Choice

Which of the following items is not specified in a futures contract? I) The contract size
II. The maximum acceptable price range during the life of the contract
III. The acceptable grade of the commodity on which the contract is held
IV. The market price at expiration
V. The settlement price

A) II and IV
B) I, III, and V
C) I and V
D) I, IV, and V