can u please help me with these two questions please.

Question 16 Which of the following statement about the forward and options contracts is correct? Both forward and options contracts have rights and obligations Forward contracts have rights but no obligations; options contracts have rights and obligations Forward contracts have rights and obligations; options contracts have rights but no obligations Question 17 In which case will locational arbitrage most likely be feasible? One bank's ask price for currency is greater than another bank's bid price for the currency. One bank's bid price for a currency is greater than another bank's ask price for the currency. One bank's bid price for a currency is less than another bank's bid price for the currency. One bank's ask price for a currency is less than another bank's ask price for the currency