1.In which hedging tool would you pay a premium to another party even if you do not eventually use the tool?

Future Contracts

Forward Contracts

Option Contracts

Swap Arrangement

none of the above

2.Paul Tudor Jones is a Futures Trader. While he will take a position and trade Futures Contracts on almost anything, his speciality is Wheat Futures Interest Rate Futures Stock Index Futures Gold Futures

please help me these two