Which of the Following Statements Is True

Multiple Choice

Which of the following statements is true?

A) The advantage of using forwards for creating a synthetic fixed rate position is that there are no cash flows until the contract matures.
B) The advantage of using futures for creating a synthetic fixed rate position is that futures contracts are standardised.
C) The advantage of using forwards for creating a synthetic fixed rate position is that futures contracts are standardised.
D) The advantage of using futures for creating a synthetic fixed rate position is that there are no cash flows until the contract matures.