Is this False?

uestion 16 (2 points) True or False Futures contracts are commonly believed to be less subject to default risk than forward contracts because: Futures markets have put in place successful procedures to protect clients from the default of a counterparty . The counterparty is always the clearinghouse, not a private party . A centralized margin deposit system Guarantees posted by all members who are collectively responsible Daily marking-to-market. Variation limits can make this process take place during the day if needed. Liquidity of an organized market for standardized contracts. O True False Save Question 17 (2 points)