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41 Which of the following is true regarding the differences between futures and forward contracts? 1. a futures contract is customized II. a forward contract

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Which of the following is true regarding the differences between futures and forward contracts? 1. a futures contract is customized II. a forward contract is standardized III. a forward contract is traded on an over-the-counter market IV. a futures contract is traded on an organized exchange II only I only I. II, III and IV III and IV only I and II only

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