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Futures contracts differ from forward contracts in that ________. a. futures contracts are standardized and performance of each party is guaranteed by the clearinghouse. b.

Futures contracts differ from forward contracts in that ________.

a. futures contracts are standardized and performance of each party is guaranteed by the clearinghouse. b. futures contracts are standardized and require a daily settling of any gains or losses. c. futures contracts are standardized, performance of each party is guaranteed by a clearing house, and they require a daily settling of any gains or losses. d. performance is guaranteed by a process known as marking to market.

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