1. Which of the following is/are correct? Select all that apply. (2 marks) Select one or more: O a. Swaps are like forwards except swap counterparties commit to multiple transactions b. You look at derivatives trading statistics on the CME Group's exchanges. If you see $15M in daily trading volume, 90% or more of these are typically speculative trades O c. Futures contracts are similar to forward contracts except futures are traded on organized exchanges O d. Forward contracts are typically used for hedging to eliminate cash-flow uncertainty, call options are used to insure against a decrease in the underlying's price