Can anyone give me the answers for this true/false questions and brief explanations please?

1. Futures contracts are similar to forward contracts because they both represent a commitment to buy something at a future time at a fixed price.
2. The earliest financial futures contracts were futures on foreign currencies.
3. One attraction of options on futures is that they trade side-by-side with the futures.
4. Many futures contracts specify that there are several grades of a commodity that are acceptable for delivery.
5. Stock index futures contracts are terminated by delivery the portfolio of stocks represented by the index.
6. A limit move is when a futures price reaches its all time high or low price.
7. Locals are futures traders who are in business for themselves.
8. Futures trades are executed in the pit.
9. The most actively traded futures contract on a short-term financial instrument is Treasury bill futures.
10. Futures funds have typically provided outstanding returns to their investors
11. A hedge fund is a very risky form of investment.
12. Firms that solicit futures trading business from the public are called Futures Commission Merchants.
13. Position traders are futures traders who take very large positions.
14. Options on futures contracts expire after the underlying futures contract expires.
15. An arbitrageur operates by two rules, take risk and spend money.
16. Each futures contract has both a long and a short position and counts as only one unit of open interest.
17. The minimum price fluctuation is called a tick.