1. Which of the following fully identifies differences between exchange-traded and OTC derivatives:

i. Exchange traded: standardized contract / OTC: agreed upon contract.

ii. Exchange traded: public and transparent / OTC: private.

iii. Exchange traded: heavily regulated and daily mark-to-market / OTC: less regulated and generally settled at the end of contract.

iv. Exchange traded: generally used by retail investors, institutional investors and corporations / OTC: same.

a. i), ii) & iii) only

b. i), ii) & iv) only

c. ii), iii) & iv) only

d. i), iii), & iv) only