Multiple Choice
Which of the following is not true regarding futures contracts?
A) Unlike forward contracts, they are generally traded on an exchange.
B) Futures contracts are standardized with respect to delivery date and size of the contract.
C) There is an active over-the-counter market for currency futures contracts.
D) Currency futures can be used by speculators who attempt to profit from exchange rate movements.
Correct Answer:

Verified
Correct Answer:
Verified
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