1. Assuming the spot price for a cypotocurreny is the same as oil and there is no counterparty risk, a 3-month forward contract on the cypotocurrency will be a lot higher than a 3-month forward contract on oil because the cypotocurreny is more volatile. 2. A forward contract on coffee can be bought on the NYBOT exchange. 3. A future contract will be marked-to-market on a daily basis.

A. Only 1 B. Only 3 C. 1 and 3 are true D. 2 and 3 are true E. All of the above