he basic difference(s) between forward and futures contracts is that\ \ Question 5Select one:\ \ a.\ forward contracts are individually tailored while futures contracts are standardized\ \ \ \ \ b.\ forward contracts have no daily limits on price fluctuations whereas futures contracts have a daily limit on price fluctuations\ \ \ c.\ all of the above\ \ \ d.\ forward contracts are negotiated with banks whereas futures contracts are bought and sold on an organized exchange