Futures Contracts Are More Likely to Be Cash-Settled When

Multiple Choice

Futures contracts are more likely to be cash-settled when

A) The asset underlying the contract is too costly to deliver physically.
B) There is no "underlying" for the futures contract.
C) There are more futures contracts in notional value than the physical stock of the underlying asset.
D) The maturity date of the futures is not the last day of the month.