Which of the Following Features Are Shared by Futures Contracts

Multiple Choice

Which of the following features are shared by futures contracts and options?
I.They have specified expiration dates.
II.Their value is derived from changes in the value of some other asset.
III.Unprofitable futures or options can simply be allowed expire unexercised.
IV.Futures contracts specify the price at which the commodity will be delivered at the expiration date.

A) I and II only
B) I and IV only
C) II and III only
D) I, II and III only