Currency Futures Contracts Sold on an Exchange

Multiple Choice

Currency futures contracts sold on an exchange:

A) contain a commitment to the owner, and are standardized.
B) contain a commitment to the owner, and can be tailored to the desire of the owner.
C) contain a right but not a commitment to the owner, and can be tailored to the desire of the owner.
D) contain a right but not a commitment to the owner, and are standardized.