Comparing "Forward" and "Futures" Exchange Contracts,we Can Say That

Multiple Choice

Comparing "forward" and "futures" exchange contracts,we can say that

A) they are both "marked-to-market" daily.
B) their major difference is in the way the underlying asset is priced for future purchase or sale: futures settle daily and forwards settle at maturity.
C) a futures contract is negotiated by open outcry between floor brokers or traders and is traded on organized exchanges,while forward contract is tailor-made by an international bank for its clients and is traded OTC.
D) their major difference is in the way the underlying asset is priced for future purchase or sale: futures settle daily and forwards settle at maturity,and a futures contract is negotiated by open outcry between floor brokers or traders and is traded on organized exchanges,while a forward contract is tailor-made by an international bank for its clients and is traded OTC.