1- The advantage of forward contracts over futures contracts is that they:

A)are negotiated in the over-the-counter market B)are standardized

c)is more liquid

D)have lower default risk

2)The current stock price of Boeing is selling for $75. If the exercise price of a call option is S70, the call option:

A)should not be exercised .

B)is at the money

C)is out of the money .

D)is in the money