1) with regard to expiration date

a) futures contracts do not have delivery dates

b) forward contracts have standardized delivery dates

c) futures contracts have tailor-made delivery dates that meet the needs of the investor

d) futures contracts have standardized delivery dates

2) with regard to trading location

a) forward contracts are traded competitively on organized exchanges

b) futures contracts are traded competitively on organized exchanges

c) futures contracts are traded by bank dealers via a network of telephones and computerized dealing systems

d) none of the options

3) With regard to contractual size

a) forward contracts are characterized by a standardized amount of the underlying asset

b) futures contracts are tailor-made to the needs of the participant

c) futures contracts are characterized by a standardized amount of the underlying asset

d) none of the options