Which of the following is NOT true?

Group of answer choices

Futures contracts are marked to market; forward contracts are settled once at maturity.

Futures contracts are standardized; forward contracts can have any conditions

Futures contracts are usually closed out before maturity; forward contracts usually lead to delivery.

Futures contracts usually have a range of delivery dates; forward contracts usually have one delivery date.

Futures contracts are usually long term; forward contracts are short term.