Forward contracts and futures contracts differ in which of the following?

I. Forward contracts are individually tailored while futures contracts are standardized

II Forward Contracts are negotiated with banks whereas futures contracts are bought and sold on an organized exchange.

III. Forward contracts have no daily limits on price fluctuation whereas futures contracts have a daily limit on price fluctuations

Answers: A. III only

B. I only

C. I, II, III

D I and II only