not sure if any of these are right, please help!!! // forward and futures contracts

6. Forward and futures contracts The derivatives markets contain different types of contracts. Forward contracts, futures contracts, options, and swaps are some common types of derivatives contracts. are customized agreements in which one party agrees to buy a commodity at a specific price on a specific future date, and the other party agrees to make the sale. Typically, goods are actually delivered under these contracts. True or False: The volume of trading conducted in contracts for interest rate and exchange rate futures is greater than the volume of trading occurring in commodity futures contracts. False True Inputoutrone Incy, an American company, has purchased C4 milion worth of equipment from a French company. Payment for the equipment is not due for six months. InputOutrone Inc. does not want to give up the free trade credit, but it also wants to make sure that the dollar cost of c4 million does not rise over the next sid months. Which of the following actions would allow Inputoutrone inc. to lock in the doilar cost of the equipment? Take a short position in foreign exchange futures Take a long position in foreign exchange futures Take a long position in interest rate futures Take a short position in interest rate futures: Forward and futures currency contracts reflect an obigation to either buy or sell currency at a future date, whereas options are contracts traded between buyers and sellers that give the option holder the right, but not the obligation, to buy or sell a specific (underlying) asset at a specific price, called the exercise or strike price, on or before an expiration date. gives the option holder the right to buy an asset at a fixed price during a particular period