Question 4 (1 point) One reason so few futures contracts are used for the actual delivery of the underlying asset is that most participants are speculators; they don't need the asset spot prices are always less than future prices the delivery rules and conditions are very difficult to abide by all of the above are true. Question 1 (1 point) One of the differences between a forward and a futures contract is forward contracts are standardized in the size but futures contracts are tailored to the needs of the parties involved a futures contract holder can legitimately close the contract, but forward contracts can not be cancelled out. there are physical exchanges for trading forward contracts whereas futures contracts are traded over the counter. all of the above are true