24. With forward contracts, all gains and losses are accumulated to one payment on the delivery date, whereas futures contracts recognize gains and losses daily. a. Not necessarily 6. False c. True d. None of the above 25. Most futures contracts do not result in delivery of the underlying asset. Not necessarily b False c. True d. None of the above 26. The clearinghouse minimizes default risk in futures transactions. a. Not necessarily b. False True None of the above 27. Risk is a tradeable commodity a. Not necessarily b. False True d. None of the above 28. Derivatives contracts can be used to hedge against volatile weather conditions. a. Not necessarily b. False C True d. None of the above