1 pts Question 3 Futures contracts and forward contracts operate essentially the same way except Futures Contracts are standardized and forward contracts can be customized Forward Contracts are standardized and futures contracts can be customized Futures Contracts provide right to buy or sell, but no obligation O Forward Contracts provide right to buy or sell, but no obligation Question 6 1 pts The more liquid a currency spot market is, the wider the bid/ask spread and more sensitive to big purchases the tighter the bid/ask spread and more sensitive to big purchases the wider the bid/ask spread and less sensitive to big purchases the tighter the bid/ask spread and less sensitive to big purchases