please answer questions 5-10

Answer the following questions or fill in the gaps: 1. The first modern derivatives market was established in _ USA. __risk has to do with the fact that a party may fail to meet the obligations. 3. (Forward / futures) contracts are more flexible to my needs, like tailored suits. 4. If I only want to have rights, I must buy / sell) (futures / options) - 5. If I want to have the obligation to buy, I should buy / sell) a (call/put) option. 6. If an "in the money" option is exercised, will I obtain profits? 7. Every all open positions in futures contracts must be settled. 8. Derivatives can be used as a or as an is the supervisor of the MEFF Spanish derivatives market. 10. Futures contracts are negotiated in markets and forward agreements in markets