1) Forward markets are a derivatives market. What is a main characteristic of a derivatives contract? Select one: a. Ownership of the asset is immediately transferred from the seller to the buyer b No actual transfer of ownership of the underlying asset at the time of the contract is initiated C. The price of the asset is to be determined at some future date d. Settlement of derivatives is always conducted through an exchange 2) The main derivative markets participants are Select one: a. dealers, hedgers, speculators and arbitrageurs. dealers and arbitrageurs. C. hedgers and speculators. d. dealers and hedgers