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$A.$ Futures contract forces the two parties $to$ transact $on$ the future date $at$ a previously agreed$-on$ price.

$B.$ Futures contract provides the right but not the obligation $to$ buy $or$ sell the underlying $at$ a pre$-$determined price.

$C.$ Futures contracts are subject $to$ the traditionally high degree $of$ regulation that applies $tosecurities$ and futures markets.