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14. Which one is correct regarding forwards versus futures? A. Forwards have no default risk and futures do because an exchange takes on the default

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14. Which one is correct regarding forwards versus futures? A. Forwards have no default risk and futures do because an exchange takes on the default risk for forwards. B. Futures have limited regulation and forwards have a lot of regulation. C. Futures are standardized and forwards are customizable. D. One allows you to buy or sell an asset in the future at a specified price where as the other does not

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